Investment Rating

Estimating successes of region in the budgetary sphere, International rating agency “Fitch Ratings” in March, 2005 has appropriated national long-term A (rus), prognosis-"Stable", and has raised long-term and short-term ratings in a foreign currency at a level " In ", that " reflects the measures accepted by the republic for improvement of structure of debts, and also stable operational balance of the budget and high rates of growth of key extracting sectors of the industry ".

The rating reflects stable operational balance of the budget of the republic and a high degree of the control over the basic sources of budgetary incomes. Also the rating considers the successful steps of the republic directed on improvement of structure of debts of the budget. Fast growths of extracting sector of local economy, and also the rigid control over operational charges have allowed fixing positive balance of current balance in the Republic of Sakha (Yakutia) per 2000-2004.

With a view of increase of investment appeal of the republic per 2004 work on assignment of a credit rating to the Republic of Sakha (Yakutia) on a national (Russian) scale of international agency “Standard and Poor's” was lead. By the results of the analysis presented to the agency information the republic was given the rate "ruA-", having the following definition : " greater susceptibility to influence of adverse changes in commercial, financial and economic conditions, but, nevertheless, moderately high ability concerning other Russian emitters in due time and completely to carry out debt obligations ".

On the conclusion of agency the level of a rating of the republic restrains because of the removed geographical position and severe climatic conditions that raises cost of services and charges on the maintenance of an infrastructure, high seasonal prevalence of incomes, and also concentration of tax base (half of the budgetary incomes are from stock company " À LROSA"). As positive factors rather high incomes per capita, a raising quality of management of a duty and improvement of structure of a duty.

In branch structure in a fixed capital the greatest volume of investments is necessary on the industry, construction, housing and communal services, transport and communication.

The most attractive to investors are the diamond lapidary industry, the gold mining branch and a fuel and energy complex (oil-and-gas, coal-mining branches, electric power industry).