S&P: Samara Oblast affirmed

Standard & Poor's said it affirmed its BB- foreign currency issuer credit rating on Samara Oblast and affirmed its ruAA- Russia national scale rating.

The outlook is stable.

The ratings reflect the region's continued economic expansion, sound financial performance, low debt and sound quality, S&P said.

However, the agency noted that federal control over revenues, disputes regarding guarantees and the region's continued high dependence on its largest taxpayers, which may result in significant volatility of revenues, may constrain the rating.

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