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Fitch confirms Yakutia's rating at 'BBB-' with stable outlook

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Fitch International Ratings Agency confirmed the ratings of the Republic of Sakha (Yakutia) in foreign and national currency at the level of ‘BBB-‘ with a stable outlook

"The affirmation of the ratings reflects the growing but still low debt burden and good tax potential of the republic, conditioned by the economy oriented to the base materials sector, as well as the expected recovery of the region's operating indicators against the backdrop of higher tax revenues,” the Ministry of Finance of Yakutia comments.

A stable rating means that in the near future it is saved at the current level.

The Republic of Sakha (Yakutia) continues to be in the top ten regions of Russia with investment-grade credit ratings.

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Tagged under finance, Fitch Ratings