S&P rates Krasnoyarsk BB+

Standard & Poor's said it assigned its BB+ global scale and ruAA+ Russia national scale ratings to Krasnoyarsk Krai.

The outlook is stable.

The ratings are constrained by the krai's low budget predictability and flexibility due to high industrial and taxpayer concentration, pressure on costs and infrastructure needs in such a remote location and federal regulation of the main budget parameters, the agency said.

The krai's strong economy supports the ratings by generating high revenue growth, S&P said, adding that anticipated massive investment and the commitment to keep the debt burden low also strengthen the krai's creditworthiness.

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