Source Pravda.Ru

Moscow region bonds get "Standard & Poor's" rating

The world's biggest "Standard & Poor's" rating agency has given the issue of Moscow region bonds with fixed coupon worth around sixty billion dollars a rating on the national ruA scale, said the press service of the Moscow region's governor.

The bonds were issued on November 19th with a circulation period equalling 18 months from the date of placing. They have six coupon periods with the annual coupon profit rate totaling 17 percent.

The Moscow region is the fifth most industrially significant region of Russia. The Moscow region ratings (B-, "positive" forecast, ruA on the national scale) are based on economic and financial advantages of the Russian Federation's constituent member, resulting from its strategic location and low debt load.

The Moscow region will continue enhancing information transparency and improving the debt management quality, the Moscow region governor's press service stressed. The regional government is convinced that the growth of incomes prompted by the economic and investment capital growth will help the region to meet the demands in financing the infrastructure.