Fitch Rates Republic Of Sakha (Yakutia) Bond 'A(rus)'
OREANDA-NEWS. Fitch Ratings has today assigned the Republic of Sakha's (Yakutia) forthcoming issue of a RUB2.5bn domestic bond with a maturity of seven years a National Long-term 'A(rus)' rating.
The republic's other ratings are Long-term foreign and local currency 'B+', Short-term foreign currency 'B', National Long-term 'A(rus)'. The rating Outlooks are Stable.
The ratings reflect the republic's stable budget performance with a positive operating balance during 2001-2006. They also take into account its successful efforts in improving its debt structure and the increasing efficiency of its broad public sector management.