Fitch rates Khakassia bond BB-

Fitch Ratings said it assigned an expected long-term local-currency rating of BB- to the Russian Republic of Khakassia's upcoming RUB 2 billion domestic bond issue due Aug. 9, 2015.

The ratings also assigned an expected national long-term rating of A+(rus) to the bond.

The region has long-term local- and foreign-currency ratings of BB-, national long-term rating of A+(rus) and short-term foreign-currency rating of B.

The outlook is stable.

The proceeds from the bond issue will be used to refinance maturing debt and to fund capital expenditure, Fitch said.

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