Moody's increased rating forecasts of Krasnodar and Kuban
Agency Moody's Investors Service confirmed ratings of Krasnodar and Krasnodar region and increased the related forecasts, as reported by «Finam».
The rating of Krasnodar was verified at the level «B1» (high credit risk), while the rating of Kuban – at the level «Ba3» (significant credit risk). However, the forecasts were shifted from «stable» into «positive».
As reported by the web-site «Business newspaper. South», in February 2019 Moody’s Investor Service increased the rating of Krasnodar region across the international scale up to the level «Ba3» and the rating of the capital was verified at the level «B1».
Experts underscored that the revenues of the region over the last two years have demonstrated a significant growth. The increase in the real GDP in 2017-2017 and favorable prices on raw materials in the Russian rubles as well as upgrading of tax administration were conducive to this.