Fitch rates Tyumen BBB

Fitch Ratings said it assigned long-term foreign- and local-currency ratings of BBB to the Tyumen region, along with a short-term foreign-currency rating of F3 and a national long-term rating of AAA(rus).

The outlook is stable.

The ratings reflect Tyumen's oil and gas economy, strong budgetary performance, zero debt and net cash positive status, Fitch said.

The ratings also consider the concentration of the region's tax base in the prime sector, the agency said.

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