Fitch revises Krasnoyarsk view to stable

Fitch Ratings said it revised the Krasnoyarsk region's outlook to stable from negative while affirming the Russian region's long-term foreign- and local-currency issuer default ratings at BB+.

“The revision of outlook follows better-than-expected fiscal results in 2020, which reflected the region's ability to withstand the negative economic impact triggered by the coronavirus pandemic. This has led to Fitch revising its rating case with an improved debt sustainability assessment,” the agency said in a press release.

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