Standard & Poor’s confirmed Tomsk Region’s long-term credit rating
Ratings agency Standard & Poor’s on December 12 confirmed Tomsk Region’s ‘BB’ long-term credit rating on the international scale and ‘ruAA’ rating on the national scale with stable outlook for both ratings.
A ‘BB’ rating was assigned to the proposed 5bn rubles commercial papers issue of Tomsk Region.
Standard & Poor's expects the Region to demonstrate moderate budget performance indicators and moderate debt levels. The increase in budget payroll spending dictated by the federal government will not affect the budget performance of the Region due to a balanced spending policy and financial aid from the federal budget.