ACRA Ups Sverdlovsk Region to A-

14 March 2018 (09:21)

UrBC, Yekaterinburg, March 14, 2018. Analytical Credit Rating Agency (ACRA) brought Sverdlovsk Region’s credit rating from BBB+ (RU) up to A- (RU), with Stable rating outlook; the constituency’s bond issue ratings were also promoted from BBB+(RU) to А-(RU), Sverdlovsk Region’s Information Policy Department reports.

According to Sverdlovsk Region Economics & Territorial Development Ministry, the constituency’s credit rating and its bond issue ratings went a level up.

This improvement was brought about by a number of key factors at play: better budget discipline, the budget growing more resilient to economic downfalls, the constituency’s well-developed economy that relies on machine-building and metallurgical enterprises, and the budget’s sufficient liquidity. ACRA reports that Sverdlovsk Region’s debt structure and repayment schedule also improved once the bank loans got replaced with bond issues and budget loans got restructured.

According to ACRA, the constituency’s industrial production index also rose by 7.7% in 2016 (compared with only 1.1% increase in the country on the whole).

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