Standard & Poor’s might reconsider Sverdlovsk Region’s credit rating

22 August 2008 (07:41)

Standard & Poor’s International Services, Inc. might reassess Sverdlovsk Region’s credit rating, the spokesperson for the region’s Ministry of Economics and Labor reports.

The agency’s representative hinted at this possibility in the course of meeting the regional government officials. The meeting was also attended by representatives of Yekaterinburg municipal council and some executives of Reftinskaya poultry plant, Oblkommunenergo, and Sverdlovsk Region Mortgage Lending Agency.

The meeting was devoted to the examination and evaluation of reports on the region’s economic development that were drawn up by the Governor’s administration and the regional government’s subdivisions.

Standard & Poor’s is expected to make the decision regarding the region’s credit rating shortly after the meeting. At the moment, Sverdlovsk Region’s rating is confirmed at BB, with Positive Rating Outlook.

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