Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Khanty-Mansiysk > News item |
S&P ups Khanty-Mansiysk to positive
Standard & Poor's said it revised its outlook on the Russian Autonomous Okrug of Khanty-Mansiysk (KMAO) to positive from stable following the okrug's improved liquidity position and better-than-expected financial performance.
At the same time, S&P affirmed its BB long-term foreign currency issuer credit and ruAA Russia national scale ratings on KMAO.
S&P said the ratings on KMAO remain constrained by the okrug's concentration in the oil industry, institutional uncertainty related to KMAO's revenues, and moderately high contingent liabilities. Such constraints are offset, however, by KMAO's substantial liquidity reserves, low debt, and high wealth levels. Furthermore, financial flexibility is above the Russian average owing to KMAO's relatively high quality infrastructure.
© 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.