OREANDA-NEWS. 'Expert RA' rating agency assigned the Chuvashia Republic creditworthiness rating А+, which means very high credit solvency. The outlook is stable, which means high probability of maintaining the rating in the mid-term.

When the Republic was rated, the low share of debt service costs in the region's costs, the low debt to the region's asset value ratio (excluding land plots) and low currency risks were highlighted among positive factors. High diversification of the region's economy also had a positive impact on the region rating. According to 2013 estimate, the gross regional product structure was well-balanced: the shares of processing facilities, wholesale and retail trade, construction, agriculture, transport and communications came to 25%, 14.3%, 10.2%, 9.5%, and 6.6%, respectively. The Agency's analysts noted the high diversification of the region's budgetary receipt structure.

The moderately low investment environment of the region, the moderately high debt to own revenues ratio, the acceptable budget shortage and the moderately high share of transfers in the region's consolidated budget revenues were highlighted among the rating-restraining factors.