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Fitch confirms Penza region rating at “BB”

14:30 | 14.03.2015 | Economy

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Penza, 14 March 2015. PenzaNews. Fitch Ratings international agency has confirmed the long-term rating of the Penza region in foreign and national currency.

“The national scale rating is ‘AA-(rus)’ with a stable outlook. The long-term local and foreign currency IDR is calculated at ‘BB’ with a stable outlook. The short-term foreign currency IDR is at ‘B’ with a stable outlook,” says the message published at the website of the Penza region Ministry of Investment Development and Foreign Trade.

It also says that these figures show the region has low credit risks and may be able to promptly pay on its financial liabilities.

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