Moody's called Tatarstan one of the most prosperous regions of Russia in 2019-2020

9 April 2019, Tuesday

According to the research of international rating agency «Moody's Investors Service», from an economic point of view, the most successful regions of Russia in 2019-2020 will be the primary ones, including the Republic of Tatarstan.

It is noted that the real incomes of the population in the most regions of Russia continued to decline in 2018, investments in the regions decreased by more than 50 percent. At the same time, in primary regions investments were higher due to relatively high commodity prices, strengthening of the world economy and the fall of the ruble.

«In 2018, contrary to the Federal trends in the volume of investment in fixed assets, we managed to maintain the level of the previous year. In addition, in Tatarstan, we have seen an increase in foreign investment by 37 percent and expansion of the geography of investor countries. Thus, foreign entrepreneurs invested in the manufacturing industry, financial and insurance sector, scientific and technical activities and construction», - the Head of Tatarstan Investment Development Agency Taliya Minullina commented.

In February this year, Moody's raised the rating of Tatarstan to Ba1 with a stable outlook. Moody's analysts noted that the assignment of a higher rating reflects a decrease in the risks for investors who provide debt financing to the republic as well as the companies which are in state ownership. This applies to Svyazinvestneftekhim, which was upgraded from Ba2 to Ba1, and Tatneft (from Baa3 to Baa2).

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