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S&P raises long-term credit rating of Nizhni Novgorod

November 26, 2011, 1:59 UTC+3
In a commentary the agency’s experts have noted the convincing condition of Nizhni Novgorod’s budget
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LONDON, November 26 (Itar-Tass) —— Standard&Poors has reconsidered one step upwards, to BB, the long-term hard currency rating of Russia’s city of Nizhni Novgorod. The city’s national currency credit rating is also up one step to AA, with outlook set at stable.

In a commentary the agency’s experts have noted the convincing condition of Nizhni Novgorod’s budget.

 

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