S&P: New ratings for emerging LRGs

Standard & Poor's said it assigned recovery ratings to the senior unsecured debt of 22 speculative-grade local and regional governments in Central and Eastern Europe, and Latin America. The agency also said it affirmed the issue ratings on the bonds of those 22 governments.

The assignment of recovery ratings follows the introduction of the agency's local and regional governments recovery rating methodology.

The Republic of Bashkortostan was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB+.

Irkutsk Oblast was assigned a 3 recovery rating and its senior unsecured debt was affirmed at B.

Samara Oblast was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB+.

The city of Novosibirsk was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB-.

The Republic of Sakha was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB-.

Tomsk Oblast was assigned a 3 recovery rating and its senior unsecured debt was affirmed at B.

Krasnodar Krai was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB.

Krasnoyarsk Krai was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB+.

Volgograd Oblast was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB-.

Tver Oblast was assigned a 3 recovery rating and its senior unsecured debt was affirmed at B+.

Leningrad Oblast was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB.

The city of Kyiv was assigned a 4 recovery rating and its senior unsecured debt was affirmed at CCC+.

The city of Lviv was assigned a 4 recovery rating and its senior unsecured debt was affirmed at CCC+.

The city of Lugansk was assigned a 4 recovery rating and its senior unsecured debt was affirmed at B-.

The city of Ivano-Frankivsk was assigned a 3 recovery rating and its senior unsecured debt was affirmed at B-.

The city of Bucharest was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB+.

The city of Varna was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB.

The city of Stara Zagora was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB.

The city of Plovdiv was assigned a 3 recovery rating and its senior unsecured debt was affirmed at BB+.

The province of Mendoza was assigned a 3 recovery rating and it senior unsecured debt was affirmed at B-.

The city of Buenos Aires was assigned a 2 recovery rating and its senior unsecured debt was affirmed at B-.

The province of Buenos Aires was assigned a 3 recovery rating and its senior unsecured debt was affirmed at B-.

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