S&P keeps Irkutsk on watch

Standard & Poor's said it affirmed the B+ long-term issuer credit rating on Irkutsk Oblast and kept the rating on CreditWatch, where it was placed with negative implications on Oct. 29, on insufficient liquidity.

"The rating remains on CreditWatch because of uncertainty regarding the new oblast administration's financial policy, which must deal with persistent refinancing risks and worsening macroeconomic conditions," S&P analyst Felix Ejgel said in a statement.

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