ACRA affirmed rating of Moscow region on April 6, 2021

AK&M 08 April 2021 20:32

On April 6, 2021, Russia's Analytical Credit Rating Agency (ACRA) affirmed the credit rating of Moscow region at 'AA+'(RU), with a stable outlook, the rating of the bonds at 'AA+'(RU), the rating agency informed.

The credit rating of Moscow region is based on the Region's highly developed economy, stable budget, moderately low debt load, and high budget liquidity.

Moscow region is a large, industrially developed region, which contribution to Russia's economy is significant (RUB 5.1 tln in 2019, or 5.4% of Russia's total GRP). The Region ranks second in the country by population (5% of the total).