Rustem Khamitov has met with Fitch Director Konstantin Anglichanov
UFA, 19 May 2016. /Bashinform News Agency, Alexander Smirnov/.
On May 18, the Head of Bashkortostan Rustem Khamitov met with the Director of Fitch International Public Finance International Rating Agency Konstantin Anglichanov. The sides discussed issues of socio-economic development of the region for the purpose of assigning a credit rating.
“The situation is quite complicated now. Unfortunately, the macroeconomic situation in the country lacks certainty. The reserve, which you have created allows feeling quite optimistically about the future”, said Konstantin Anglichanov.
“Our republic is actually one of the reliable regions of the Russian Federation, which, in spite of any difficulties in the economy, runs quite confidently”, marked Rustem Khamitov. “The financial system of the republic and the financial performance of the capital, figuratively speaking, are in the "green" zone. We have small debts. At the same time we do not plan to increase our debt burden. Tax revenues in 2016 go with rates even exceeding the plans that we set.”
The Head of the Republic spoke about the work in the field of increasing the investment attractiveness, streamlining the property relations area.
“We have received a significant stake in a large company — Bashneft. 25 percent plus one share allow us to participate in the management of the company, in its strategy formation,” said the Head of the Region. “We are satisfied with Bashneft’s operation. Following the year of 2015 we are to obtain a significant amount of dividends. These dividends will be higher than the last year. Then we received about 5 billion rubles. It is clear that this year the sum will be more due to good performance in 2015.”
According to Konstantin Anglichanov, the republic deserves a high rating score.
“It should be understood that the rating scale objectively reflects the state of solvency. If we talk about the Republic of Bashkortostan, of course, it makes sense to speak about a fairly high level, attributable to leaders of Russia's economic development.”
The Fitch Ratings Agency is one of the most widely used sources of credit ratings, analytical studies and risk analysis materials in the world. Along with the Standard & Poor's and Moody's it is a part of the "top three" of the international rating agencies.