S&P affirms Khanty-Mansiysk

Standard & Poor's said it affirmed its BB- foreign currency issuer credit rating on the Autonomous Okrug of Khanty-Mansiysk (KMAO) in Russia. At the same time, the rating was removed from CreditWatch, where it had been placed on Feb. 6.

The outlook is stable.

In addition, S&P affirmed its ruAA Russia national scale rating on Khanty-Mansiysk.

"The affirmation follows the signing and approval of the agreement on the division of revenue and expenditure responsibilities between KMAO, Yamal-Nenets Autonomous Okrug, and the Tyumen Oblast, bringing more predictability to KMAO's revenues and responsibilities," said S&P credit analyst Boris Kopeykin.

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