Outlook on the creditworthiness of companies of the Russian construction and real estate sectors remain negative in 2009 - said Fitch Ratings. Decline continue, the complexity of the financing remain. According to experts the agency in 2009, the price of real estate in Russia will fall by 20% -40%, depending on the region and segment. At the same time, along with a decrease in demand in 2009 is probably a significant reduction in the primary real estate market. Companies that continue to receive funding from the state-controlled banks or from the supporting parent structures (as in the case of the Sistema-Gals) are likely to be in a good position. Fitch notes that only one company of the agency rated Russian developers - OJSC LSR Group - has been included in the recently compiled by the government a list of companies eligible for potential federal support. This implies that large-scale assistance to the sector by the state is unlikely, according to the agency.
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