S&P shifts Samara view to positive

S&P said it changed Samara Oblast’s outlook to positive from stable and affirmed its BB+ ratings.

“We have revised upward our assessment of Samara Oblast's debt burden following the improved financial performance. The oblast reported surpluses after capital accounts over the past four years and we project only minor deficits in 2021-2023. We think that strong performance, supported by federal transfers and steady revenue growth, will allow the region to keep its tax-supported debt below 30% of consolidated operating revenue through 2023,” S&P said in a press release.

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