Moody's rates Komi Aa2.ru

Moody's Investors Service said it assigned a national scale rating of Aa2.ru to the Republic of Komi. It has a global scale rating and foreign-currency issuer rating of Ba2.

The ratings are supported by the republic's good budgetary performance, low debt burden and positive economic development in the recent past, Moody's said.

The rating is constrained by increased rigidity in operating expenditures and an expected shortfall in the republic's tax proceeds stemming from the current decline in oil prices and the material economic slowdown in Russia, the agency said.

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