| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Moscow > News item |
Fitch rates Moscow bond AAA(rus)
Fitch Ratings said it assigned the City of Moscow's RUR7.280 billion domestic bond issue due June 3, 2013 and an RUR12.926 billion domestic bond issue due June 8, 2014 final national long-term ratings of AAA(rus).
The city has long-term foreign- and local-currency ratings of BBB with negative outlooks, short-term foreign-currency rating of F3 and a national long-term rating of AAA(rus) with a stable outlook.
The proceeds from the new bond issues will be used to finance the city's investment projects and to refinance maturing debt, the agency said.
The city accounted for 24% of Russia's GDP in 2007 and accounts for 7.4% of the country's population, 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.