Krasnoyarsk’s credit rating outlook upgraded to ‘Positive’ amid economic strength
The Krasnoyarsk Territory, a significant region in Russia, has received a boost to its credit rating outlook. The upgrade from 'Stable' to 'Positive' reflects the region's robust financial health and strong economic performance.
The region's budget maintains a sustainable balance, covering essential spending and a substantial portion of capital investments. This fiscal discipline, coupled with a debt structure predominantly consisting of long-term budget loans, minimizes refinancing risks.
The Krasnoyarsk Territory's gross regional product (GRP) stands at an impressive 4.2 trillion rubles, contributing roughly 2.4% to Russia's total regional output. This economic prowess, combined with a strong revenue base and high solvency, has led to the region retaining its solid credit rating of AA+(RU) on the national scale.
Notably, the region's economic performance has shown a decline in reliance on extractive industries. This diversification, along with the region's financial stability, has been instrumental in the upgrade of its credit rating outlook.
The Krasnoyarsk Territory's credit rating outlook has been upgraded to 'Positive', reflecting its robust finance, sustainable budget, and strong economic performance. With a projected debt-to-revenue ratio of around 16% in 2025, the region continues to demonstrate its fiscal responsibility and commitment to economic growth.
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