Expert RA affirms credit rating of Yaroslavl region

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AK&M 20 February 2021 16:28

On February 19, 2021, Expert RA Rating Agency affirmed the credit rating of Yaroslavl region at 'ruBBB+'. The rating outlook is stable, the rating agency informed.

Yaroslavl region is a federal subject of the Russian Federation included in the Central Federal District. The region is one of the most industrially advanced regions of Russia. The economic profile of the region is dominated by the manufacturing industry accounting for more than a quarter of the gross regional product, the key industries being machine-building, petrochemical, food and light industries. Total budget revenues in 2020 amounted to RUB 82.7 billion, budget expenses reached RUB 84.6 billion.