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Yakutia can confidently withstand external shocks - Fitch Ratings

  • Published in Economy

International Rating Agency Fitch Ratings: The republic has strong economic performance and low debt

Fitch Ratings has affirmed the long-term rating of the Republic of Sakha (Yakutia) in foreign and national currencies at the level of BBB-. The forecast is stable, the Agency said, reports IA Finmarket.

Commenting on the rating, the Agency's analysts drew attention to "Yakutia's confident ability to withstand external shocks," the report said.

In addition, Fitch Ratings notes that "the rating of Yakutia reflects the strong economic performance of the republic and a low level of debt, as well as good budget indicators." The rating of the republic also takes into account "its significant contingent liabilities and high concentration of the tax base."

Photo: IA SakhaNews archive