14 May 2013, Tuesday, 10:20

Bashkiria plans to issue bonds for the sum of nearly 3 billion rbl.

author: Galina Bakhshieva

“Increase of the credit rating of Bashkortostan to "BBB-" level (the "Stable" forecast) testifies to growth of investment appeal of our republic in the world market,” Ruzaliya Hismatullina, the Minister of Finance RB underlined at the briefing in the Government RB on Monday, May 13.  “Besides, it means a possibility to get loans at smaller expenses, and also attraction of investors in our region.”

According to experts of Standard and Poor's, the positive factors defining credit status of the region are low level of debts, balanced policy concerning liquidity and conservative policy in relation to expenses.

Meanwhile, as Ruzalija Hismatullina mentioned at the meeting with journalists, “Bashkortostan conducts very moderate debt policy”.

As she said, the budget deficit is to be covered due to attraction of loans in size of about three billion rbl., and also due to bonds issuance.