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S&P raises its Russia national scale rating on Stavropol territory.
Russia & CIS Business and Financial Newswire
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July 7, 2006
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S&P raises its Russia national scale rating on Stavropol territory
MOSCOW. July 7 (Interfax) - Standard & Poor's Ratings Services has raised its Russia national scale rating on the southern Russian region of Stavropol territory to 'ruA' from 'ruA-', the ratings agency said in a press release.
At the same time, Standard & Poor's affirmed its 'B' long-term issuer credit rating on Stavropol. The outlook is positive, the release says.
"The upgrade was driven by the rapid growth of Stavropol's economy and revenues, and its very low debt levels," said ...
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