Fitch affirms Komi

Fitch Ratings said it affirmed the Russian Republic of Komi's long-term foreign- and local-currency ratings at BB, short-term foreign-currency rating at B and national long-term rating at AA-(rus).

The outlook is stable.

The ratings take into account the region's high revenue concentration in few companies, Fitch said, and its dependence on prime natural resource extraction.

The ratings also reflect the region's above-national average economic profile, stable budgetary performance and moderate direct risk, the agency said.

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