×
Texting is available for authorized users.
Please register or log in at the website.
×
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Fitch: Institutional Frameworks of Russian Subnationals Stabilising

February 04, 2008 | Cbonds

Fitch Ratings-London/Moscow- 04 February 2008: Fitch Ratings has said in a special report released today that the institutional frameworks of Russian subnationals are experiencing a period of stabilisation. The report covers administrative and legal frameworks in the Russian Federation, budget execution and control procedures, modern budgetary framework, including budget revenue sources and expenditure assignment, intergovernmental relations and debt issues.

“The period of active formation of the cornerstones of the national budgetary system is being accomplished,” says Vladimir Redkin, Associate Director in Fitch’s International Public Finance team. “Recent public finance reforms have led to relative stability of fiscal relations among the tiers of budget system, expansion of the budget planning horizon, strengthening of the budget process and increased accountability. With a longer track record of stable institutional frameworks, Russian regions’ creditworthiness will further improve.” The special report, entitled "Institutional Framework for Russian Subnationals", is available on the agency's website, www.fitchratings.com under International Public Finance/Special reports.

Share:

Similar news:
minimizeexpand
Cbonds is a global fixed income data platform
  • Cbonds is a global data platform on bond market
  • Coverage: more than 170 countries and 250,000 domestic and international bonds
  • Various ways to get data: descriptive data and bond prices - website, xls add-in, mobile app
  • Analytical functionality: bond market screener, Watchlist, market maps and other tools
×