Standard & Poor’s increased the rating of Yamal

The international rating agency “Standard & Poor’s Global Ratings” increased the long-term credit rating of Yamal-Nenets Autonomous Okrug up to “BBB-” from “BB+”, the forecast “stable”, as “Finmarket” informs.

The rating actions followed the increase in the ratings of the Russian Federation on obligations in foreign and national currencies. The long-term rating of Standard & Poor’s evaluates ability of the issuer to meet its debt obligations in a timely manner. Thus, Yamal rose on one point and entered the investment category.