ACRA confirmed the credit rating of Bratsk

AK&M 15 September 2021 17:41

On September 14, 2021, the analytical credit rating agency confirmed Bratsk's credit rating at BBB(RU), the forecast is "stable". This is stated in the agency's message.

The credit rating of Bratsk is due to a low level of relative debt burden with moderate risks of refinancing obligations and stable indicators of the city economy, limited opportunities to increase the budget revenue base. The rating is constrained by a negative modified budget deficit in the forecast period and low operational efficiency of the budget in combination with a low level of account balances.

Bratsk is located in the Irkutsk region (Siberian Federal District). The population of the city in 2020 was 226 thousand people. According to ACRA, the city's share in the volume of shipped products of the Irkutsk region is about 10% annually.