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22 November, Wednesday

Ufa   °

Standard & Poor's again confirmed Ufa's stable outlook in credit rating

Economy/Business

UFA, 21 March 2017. /Bashinform News Agency, Galina Bakhshieva/.

The Standard & Poor's International Rating Agency again confirmed the credit outlook of Ufa at the BB-level on the international scale and ruAA- on the national scale due to stable state of financial indicators. This was reported today at a daily briefing at the Ufa administration.

The rating agency believes that the financial performance of Ufa will gradually improve in 2017-2019.

The confirmation of the ratings is due to the opinion of experts that in the medium term Ufa is likely to maintain a coverage ratio for debt servicing and repayment at more than 80 percent, and the debt burden will be low for 12-24 months.

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