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Moody's gives Khanty-Mansiysk Baa3
Moody's Investors Service said it has assigned first-time global-scale local and foreign currency ratings of Baa3 to the Autonomous District (Okrug) of Khanty-Mansiysk - Yugra.
The outlook is stable.
At the same time, Moody's said it has assigned a national-scale rating of Aaa.ru to Khanty-Mansiysk.
"Moody's ratings for Khanty-Mansiysk are supported by its strong revenue base, thanks to its role as a key Russian oil-extracting region, and its high hydrocarbon reserves, which lay a good foundation for the region's sustainable economic development in the long-term," said Alexander Proklov, a Moody's vice president and lead analyst for the district.
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