OREANDA-NEWS. Fitch Ratings has affirmed the Russian City of Samara's Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB+' with Stable Outlooks, Short-Term Foreign Currency IDR at 'B' and its National Long-Term rating at 'AA(rus)' with a Stable Outlook.

The affirmation reflects Fitch's unchanged base line scenario that the city will continue to record a stable operating margin and narrowing fiscal deficit, which will lead to the stabilisation of direct risk at below 40% of current revenue.