Fitch ups Komi view to positive

Fitch Ratings said it changed the outlooks on Republic of Komi's international and national long-term ratings to positive from stable and affirmed its international long- and short-term ratings at BB- and B respectively, along with its national long-term rating at A+(rus).

The outlook reflects Fitch's expectations that stable economic growth will allow the region to overcome operating expenditure pressures and maintain high operating and current balances.

The ratings also factor in Komi's dependence on the primary sector that makes its budgetary performance vulnerable to commodity price fluctuations, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.