Bonds issued in Bashkiria in late 2020 were assigned high-reliability rating

The Expert RA rating agency has affirmed the 'ruAA +' credit rating, previously assigned to the 34011 series bond issue of Bashkiria. "This issue does not provide for possible additional adjustments for subordination, collateral, and surety. The credit rating is assigned according to the Russian national scale and is long-term. The revision of the credit rating is expected no later than 182 days from today," the agency said in a release.

Government bonds of the 340011 series were issued for 5 billion rubles in the securities market in October 2020. They will due on September 24, 2025. Loans from the population were made to partially finance the budget deficit, which is planned in 2021 in the amount of 24 billion rubles.

As previously reported, in 2021, the Ministry of Finance planned to issue bonds for 6.4 billion rubles and 3.3 billion rubles in 2022.

According to the ministry, the national debt of the republic at the moment is 21.02 billion rubles, including 4 billion rubles of bank loans, 12.02 billion rubles of budget loans, and bonds for 5 billion rubles.