‘The fact that its rating has been confirmed by the agency enhances Sverdlovsk Region’s investor appeal and expands the number of the potential investors and creditors who might be interested in coming to do business here. The rating also opens up a wider access to borrowed funds and other sources of capital. This, in its turn, promotes further economic growth,’ Sverdlovsk Region’s Economics Ministry says regarding the recent change to ‘Positive’ in the region’s rating outlook.

Standard & Poor's also confirmed Sverdlovsk Region’s BB long-term credit rating, with Positive, rather than the earlier Stable, rating outlook.