Fitch affirms Yaroslavl

Fitch Ratings said it has affirmed the Russian region of Yaroslavl's long-term foreign and local currency ratings at BB-, respectively, while affirming the region's short-term foreign currency rating at B.

The agency said it has also affirmed its national long-term rating at A+(rus).

All the long-term outlooks are stable.

The ratings reflect the region's revenue concentration in few companies - some of which are cyclical businesses - and the considerable amount of debt maturities over the next 12 months, Fitch noted.

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