Fitch rates Chelyabinsk bond BBB

Fitch Ratings said it assigned Chelyabinsk Region’s upcoming domestic bond issue of up to RUB 7 billion an expected long-term rating of BBB.

“Chelyabinsk’s bond rating is equalized with the region’s long-term issuer default rating since the bond will be a senior, unsecured obligation and rank pari passu with the region’s other senior unsecured obligations,” Fitch said in a press release.

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