31 Oct 2013 13:03

Fitch rates Russia's Tula Region 'BB', affirms two other regions

MOSCOW. Oct 31 (Interfax) - Fitch Ratings has assigned Russia's Tula Region Long-term foreign and local currency ratings of 'BB', a Short-term foreign currency rating of 'B' and a National Long-term rating of 'AA-(rus)', the agency said in a press release.

The Outlooks for the Long-term ratings are Stable.

The rating action also affects the region's RUB3.5bn senior unsecured domestic bond.

Fitch also affirmed its "BB-" rating, assigned to the Republic of Karelia, and "BB", assigned to the Kaluga Region. The outlooks on these ratings are stable.