20.11.2017

​The International Agency «Fitch» confirmed  ratings of Krasnoyarsk region at a high level.

The International Rating Agency «Fitch» has confirmed the long-term ratings of  Krasnoyarsk region in foreign and local currency at «BB +» level. The outlook of ratings is «Stable».

Analysts of the Agency registered the improvement of budgetary indicators in 2016, as well as a good, industrialized economy of the region, on which the  recovery of the national economy has a positive impact. According to the statement of  Agency, «Fitch» expects a strengthening  of the operating balance of the Krasnoyarsk region. It  will be supported by preserved control over costs and further expansion of the region's strong tax base.

Experts also forecast further reduction of the regional budget deficit to a low indicator of 2-3% in 2019.

According to Acting Deputy Chairman of the Government of region - Minister of Finance of the Region, Vladimir Bakhar, the Agency's conclusion  confirms the  effectiveness of the current budget policy. The financial indicators of the region are gradually improving. Measures taken by the Government of the region  directed to the improvement of  the efficiency of budget expenditures and increase  their own incomes conduce to improvement of  financial indicators of the region.