TOMSK, Feb 15 – RIA Tomsk. The expert agency Standard & Poor's (S&P) confirmed the credit rating of the Tomsk region at the level of "BB-", the rating outlook is "stable", the press service of the regional administration said on Monday.
Earlier it was reported that in 2017 Standard & Poor's improved the outlook of the rating of the Tomsk region to "stable" and confirmed the credit rating of the region at the level of "BB-". In 2018 and autumn 2019, the indicators remained at the "stable" level.
"The Standard & Poor's rating agency confirmed the credit rating of the Tomsk region. The experts of the S&P Global Ratings confirmed the credit rating of the Tomsk region on the international scale at "BB-" with a "stable" outlook", – the statement said.
Agency analysts expect that the regional budget deficit, taking into account capital expenditures, will be maintained at an average level of less than 10% of total revenues, as well as that the region will ensure sufficient financing to service and repay debt obligations through the timely arrangement of confirmed bank credit lines and the issuance of bonds.
"Since 2003, the Tomsk region has carried out a mutually beneficial partnership with the rating agency S&P Global Ratings. During this time, the region has gained international experience in managing finance and public debt. To date, the region's cooperation with S&P has been completed due to the expiration of the contract", – Deputy Governor, Head of the Regional Department of Finance Alexander Fedenev is quoted.
Earlier it was reported that the budget of the Tomsk region for 2021 was adopted with revenues of 82,5 billion rubles, expenses of 88,2 billion and a deficit of 5,7 billion rubles.