Fitch rates Stavropol bond BB

Fitch Ratings said it assigned long-term foreign- and local-currency ratings of BB, a short-term foreign-currency rating of B and a national long-term rating of AA-(rus) to Russia's Stavropol region.

The outlook is stable.

Fitch also said it assigned an expected long-term local-currency rating of BB and an expected national long-term rating of AA-(rus) to the region's upcoming domestic bond issue series 34001 due Dec. 12, 2017.

The ratings reflect an expectation for a stabilization of the operating balance at about 6% of operating revenue and lengthening of the region's direct risk maturity, the agency said.

The ratings also factor in the increasing pressure from operating expenditure and the region's economy with wealth and economic indicators below the national average, Fitch said.

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