OREANDA-NEWS. Fitch Ratings has affirmed Volgograd Region's Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at 'B+', Short-Term Foreign Currency IDR at 'B' and National Long-Term rating at 'A(rus)'. The Outlooks on the Long-Term ratings are Stable. The region's outstanding senior unsecured domestic bond issues have been affirmed at 'B+' and 'A(rus)'.

The affirmation reflects the region's budgetary performance and debt metric being in line with Fitch's base case scenario. The Stable Outlook reflects the agency's expectation that the region's direct risk will stabilise over the medium term.