Investors to See S&P Rating Promotion as Stimulus to Come to Sverdlovsk Region, Economics Minister Says
10 January 2012 (13:57)
According to Sverdlovsk Region Minister for Economics Evgeny Sofrygin, the promotion of the region’s long-term rating from BB to BB+ by Standard & Poor’s points to Sverdlovsk Region’s financial stability.
‘The promotion of the region’s long-term rating had to do with an improved liquidity situation as well as with meeting the target figures for budget revenues,’ the Minister feels.
‘We believe that potential investors will see this promotion as a sort of green light to arrive in this Region, and this is definitely a good thing,’ he notes.
‘The promotion of the region’s long-term rating had to do with an improved liquidity situation as well as with meeting the target figures for budget revenues,’ the Minister feels.
‘We believe that potential investors will see this promotion as a sort of green light to arrive in this Region, and this is definitely a good thing,’ he notes.
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Other materials on the topic::
- Sverdlovsk Region’s Credit Rating Confirmed at BB+
- Standard & Poor’s Promotes Sverdlovsk Region to BB+
- Economics Ministry: Standard & Poor's rating makes region investor-attractive
- Standard & Poor's: Surgut’s stagnating economy affects ratings
- Standard & Poor's says Sverdlovsk Region’s rating promotion is hindered by unstable budget, volatile profit tax income, increasing outgoings, and lack of investment