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. Last Updated: 07/27/2016

Nizhny Gets Rating

NIZHNY NOVGOROD, Central Russia-- Just one day after the city of Moscow received favorable credit ratings for its upcoming Eurobond issue, the city of Nizhny Novgorod followed suit -- matching the capital's Ba2 from Moody's and BB minus from Standard & Poor's.

Andrei Zotikov, general director of Nizhny's Regional Agency for Investment Assistance, said the region would now concentrate on organizing the Eurobond issue, which he said will be timed to be in line with those announced by the cities of Moscow and St. Petersburg.