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oblast
(redirected from Oblast')

   Also found in: Wikipedia, Hutchinson 0.02 sec.
oblast (ō`bläst, ŏ`–, Rus. ô`bləstyə) [Rus.,=region], administrative and territorial division in Russia, Ukraine, Belarus, and the former USSR. In the USSR, oblasts in which the majority of the population was of a nationality different from that of the constituent republic in which they were included generally enjoyed autonomous status. There is only one surviving autonomous oblast in Russia; the others became republics. The boundaries of oblasts are usually based on economic and administrative considerations; as a result, oblasts vary considerably in size and population.


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At the same time, Standard & Poor's also lowered its long-term foreign currency rating on the Oblast's $100 million senior unsecured notes due 2002 to double-'C' from triple-'C'-minus.
The original rationale for the Oblast's rating was recently detailed in CreditWeek (June 17, 1998), however, a number of developments have necessitated the change in outlook.
 
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