Standard & Poor’s affirms Sverdlovsk Region’s rating at BB+

2 September 2013 (09:21)

September 2, 2013. The international rating agency Standard & Poor’s affirmed Sverdlovsk Region’s credit rating at BB+, Interfax reports.

The Rating Outlook is Stable. The agency expects a certain drop in the financial indicators due to a slower increase in tax revenues and greater expenses occasioned by the federal authorities’ requirements. S&P believes, however, that these factors will only have a moderate impact on the rating.

Stable Outlook reflects the agency’s opinion that the careful spending policy and the economic recovery after 2013 will probably be balanced off with an unstable inflow of tax revenues and expenses.

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