Dec 12 - Fitch Ratings has assigned the Russian Republic of Udmurtia's
RUB2.5bn domestic bond issue (ISIN RU000A0JTF76), due 5 December 2017, a
Long-term local currency rating of 'BB+' and a National Long-term rating of
The republic has Long-term local and foreign currency ratings of 'BB+' and a
National Long-term rating of 'AA(rus)'. The Long-term ratings both have Stable
Outlooks. The republic's Short-term foreign currency rating is 'B'.
The bond issue has a variable coupon and amortising structure. The proceeds from
the bond issue will be used to refinance maturing debt and to fund the budget
A credit analysis on the Republic of Udmurtia is available on
+7 495 956 9980
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The ratings above were solicited by, or on behalf of, the issuer, and therefore,
Fitch has been compensated for the provision of the ratings.
Applicable criteria, 'Tax-Supported Rating Criteria', dated 14 August 2012, and
'International Local and Regional Governments Rating Criteria outside United
States', dated 17 August 2012, are available on www.fitchratings.com.
Applicable Criteria and Related Research:
Tax-Supported Rating Criteria
International Local and Regional Governments Rating Criteria - Outside the
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