"Expert RA" confirmed the rating of the Tula region

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AK&M 02 December 2021 17:28

On December 2, 2021, the Expert RA rating agency confirmed the credit rating of the Tula Region at the giA+ level. The rating forecast is stable. This is stated in the agency's message.

Tula Region is a subject of the Russian Federation, which is part of the Central Federal District. Enterprises of the military-industrial complex, which develop and manufacture military products, are concentrated on the territory of the region. The structure of the economy is diversified with an emphasis on manufacturing industries, which are represented by the mechanical engineering, chemical and food industries.

The region is characterized by moderately high dimensional characteristics and indicators of well-being. The volume of GRP for 2020 amounted, according to the region, to 703 billion rubles, which is 3.2% higher than the level of the previous year in current prices, the volume of GRP per capita, according to the agency's calculations, is estimated at 483 thousand rubles.. By the end of this year, the region expects GRP growth to 742.7 billion rubles.

The volume of budget revenues of the subject of the Russian Federation at the end of 2020 amounted to 94.4 billion rubles, the volume of expenditures - 96.2 billion rubles.