S&P raises Samara Oblast rating

S&P said it raised Samara Oblast’s long-term issuer rating under its revised criteria for non-U.S. local and regional governments.

“The higher assessment reflects a combination of the oblast's accumulated cash holdings and satisfactory access to external liquidity, demonstrated by its regular presence on the bond market,” said S&P in a news release.

S&P sees Samara only having a modest deficit after capital accounts in the next three years.

The outlook is stable.

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