Moody's gives Khanty-Mansiysk Baa3

Moody's Investors Service said it has assigned first-time global-scale local and foreign currency ratings of Baa3 to the Autonomous District (Okrug) of Khanty-Mansiysk - Yugra.

The outlook is stable.

At the same time, Moody's said it has assigned a national-scale rating of Aaa.ru to Khanty-Mansiysk.

"Moody's ratings for Khanty-Mansiysk are supported by its strong revenue base, thanks to its role as a key Russian oil-extracting region, and its high hydrocarbon reserves, which lay a good foundation for the region's sustainable economic development in the long-term," said Alexander Proklov, a Moody's vice president and lead analyst for the district.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.