S&P affirms Irkutsk Oblast

Standard & Poor's said it affirmed its B foreign currency long-term issuer credit rating on the Irkutsk Oblast in The Russian Federation (local currency BBB-/stable/A-3; foreign currency BB+/stable/B). The outlook is stable.

S&P said the affirmation reflects Irkutsk's diversified economy, with its long-term growth potential and moderate debt levels.

The ratings are constrained, meanwhile, by medium-term managerial and political uncertainty and the high level of municipal payables, which may result in a medium-term deterioration of financial performance, according to S&P.

© 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.