Fitch: Leningrad to positive

Fitch Ratings said it revised the outlooks on Leningrad Region's long-term ratings to positive from stable and affirmed the long-term foreign and local currency ratings at BB.

The agency said it has also affirmed the region's national long-term rating at AA-(rus) and short-term foreign currency rating at B.

The positive outlook reflects the rebound of the region's operating performance after a temporary and moderate deterioration in 2009, and Fitch's expectation of maintenance of a sound operating performance and a gradual reduction of the region's risk in 2011-2013, the agency added.

© 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.