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Fitch upgrades Altai
Fitch Ratings said it upgraded the Russian Altai region's long-term foreign- and local-currency ratings to BB+ from BB and affirmed its short-term foreign-currency rating at B.
The outlook is stable
The upgrade reflects the region's continued improvement in budgetary performance, strong liquidity and low debt, the agency said.
The ratings also consider the modest scale of the region's economy, the agency noted.
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