S&P ups Krasnoyarsk Krai

S&P said it raised its foreign and local currency long-term issuer credit ratings on Krasnoyarsk Krai to BB from BB-.

The outlook is stable.

“The stable outlook reflects our view that, over the next 12 months, under the new regional governor, Krasnoyarsk Krai's management will maintain its prudent approach to expenditures and post a positive operating balance, while maintaining the debt burden at below 60% of consolidated operating revenues through year-end 2019,” S&P said in a news release.

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