OREANDA-NEWS. Fitch Ratings has affirmed the Republic of Sakha (Yakutia)'s ratings at Long-term foreign currency "B+", Short-term foreign currency "B" and National Long-term "A(rus)". At the same time the agency has assigned the Republic of Sakha (Yakutia) a Long-term local currency rating of "B+". The Outlooks on all the Long-term ratings are Stable.

The ratings reflect the republic's continuously improving debt structure and the increasing efficiency of its broad public sector management.

However, the ratings also factor in its high budgetary rigidity and dependence on a single taxpayer, ALROSA diamond mining company, which results in its budget performance being vulnerable to commodity price fluctuations.