Tatarstan ratings confirmed by Fitch

The international rating agency Fitch Ratings confirmed the ratings of the Republic of Tatarstan: long-term ratings in foreign and national currency "BBB-" and short-term rating in foreign currency "F3". The national long-term rating is confirmed at AA+(rus) level. The forecast on the long-term ratings on the international scale in both foreign and national currency and the national long-term rating is marked as 'stable', Finmarket Agency reports.

It means that the Republic Tatarstan will continue to successfully control operational costs and it will compensate expected negative pressure on tax income allowing the region to maintain acceptable parameters operational margin in medium-term forecast.