INVESTMENTS

Investment policy:

- Allocation of considerable funds for construction of utilities infrastructure and equipment
- Funding sources: Budget, funds from City-owned companies and institutions, international capital market, public-private partnerships and concessions

Credit rating

  Standard&Poor’s:  
 -local currency issuer rating BB+/stable/
 - foreign currency issuer rating BB+/stable/

  Moody’s:
 - foreign currency issuer rating Ba1/negative