Last week, the Analytical Credit Rating Agency (ACRA) again confirmed the national credit rating of the Murmansk region at the level of "A(RU)", the forecast is "Stable".
The main task of ACRA is to provide a high-quality rating and analytical product to various financial market participants. The rating agency assigns appropriate statuses to various categories of issuers and issues. Among them are banks and other financial institutions, corporate sector organizations, regional and municipal authorities of the Russian Federation, structured financial instruments and others.
The "stable" forecast assigned to the Murmansk Region assumes with the highest probability that the rating will remain unchanged for 12-18 months. The Regional Ministry of Finance notes that the confirmation of the credit rating level by the Agency and a number of positive characteristics of the financial condition of the region indicate a fairly low debt burden with minor risks of debt refinancing in the short term, balanced operational indicators of the regional budget, as well as moderately high indicators of socio-economic development of the region.
For the first time, the credit rating of the Murmansk region was published by ACRA in 2017. Over the past 3 years, the status of the region has either been fixed at the achieved level, or has changed for the better. The regional government fulfills all its obligations, and the budget remains balanced.
/ Ministry of Finance of the Murmansk Region /