Krasnodar rating increased under creditworthiness scale

February 13, 2020 / Announcements and results of actions

The rating agency УExpert RAФ increased creditworthiness rating of Krasnodar under the national scale up to ruA level with a stable forecast. The increase of the credit rating is a result of high indicators on budget execution and efficient implementation of measures aimed at optimizing a debt policy.

Ч For us, this is primarily an opportunity to obtain an independent and objective assessment of the socio-economic and budget policy of the city, efficiency of instruments for administering a municipal debt and municipal property, - told Elena Vasilchenko, Head of Economy Department.  

She also underscored that ruBBB+ rating with a stable forecast was in place for the municipality according to УExpert RAФ assessment.

Ratings of the agency are used by the Bank of Russia, Ministry of Finance and Ministry of Economic Development of RF and Moscow exchange. УExpert RAФ is a leader of the Russian market of rating services, one of the largest analytical centers of Russia.