Friday, December 2, 2016

Fitch Affirms Russian Republic of Tatarstan at 'BBB-'; Outlook Stable

(The following statement was released by the rating agency)

MOSCOW, December 02 (Fitch) Fitch Ratings has affirmed the

Russian Republic of

Tatarstan's Long-Term Foreign and Local Currency Issuer Default

Ratings (IDRs)

at 'BBB-', Short-Term Foreign Currency IDR at 'F3' and National

Long-Term rating

at 'AAA(rus)'. The ratings are on Stable Outlook.

The affirmation reflects Fitch's unchanged base case scenario of

Tatarstan's

strong budgetary performance and moderate debt.

KEY RATING DRIVERS

Ta

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