Fitch affirms Komi

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

The outlook is stable.

The ratings reflect Komi's strong economic profile, adequate but weakened budgetary performance and moderate direct risk, Fitch said.

The ratings also factor in high fiscal concentration on a few companies, the agency said, and dependence on the resources sector, which is exposed to commodity price and demand fluctuations.

© 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.