To Innovation - Breaking Politics, Economics, Crypto & IT News

learn more
Reporting from Watford, UK and LA, US since 1996
learn more

This is Peter Brandt's Bitcoin bull explained: checking the boxes

Has the Bitcoin started the next bull run? The nice thing about Peter Brandt is that he relies on st...

Fitch Rating has assigned BB status to Nizhny Novgorod, Russia

The capitol of Volga regions is considered to be financially stable according to this status.

06.Aug.14 9:29 AM
By Alexey Kuritsyn


Fitch Rating has assigned BB status to Nizhny Novgorod, Russia
Fitch Ratings international agency has assigned BB long-term credit rating to the capitol of Volga region in August 2014. This information was provided be the Head of City Administration Oleg Kondrashev. Nizhny Novgorod has AA status in accordance with national scale.

No status changes are expected during the next two years.

“It means that financial politics of City Administration has proved to be rather effective even in the most complicated conditions. However, I do not see any practical use of such rating for the city. This is nothing more but independent rate of the third parties. At the same time it can be important for the international companies” – Oleg Kondrashev shared his opinion.

Back to the list