// IP Marketing video - START// IP Marketing video - END

Fitch affirms Russia’s BBB rating with negative outlook

Fitch affirms Russia’s BBB rating with negative outlook

PanARMENIAN.Net - Fitch Ratings has affirmed Moscow’s long-term foreign and local currency issuer default ratings (IDRs) at “BBB” with negative outlook, the agency said Saturday, July 26, according to RIA Novosti.

The global rating agency also affirmed the short-term foreign currency IDR at “F3.” The country ceiling has been lowered to 'BBB' from 'BBB+'.

Fitch links the negative outlook to recently introduced Western sanctions against Russian companies. Fitch marks that Russia continues to enjoy broad social and political stability.

A reduction in tensions with the international community, resulting in a decreased risk of sanctions being imposed, may stabilize the outlook in the future, the agency said.

 Top stories
20,149 optical-mechanical devices were manufactured in the reporting period against the 3,388 produced in the same period last year.
Yandex and Uber said they will join forces in the six countries to create a new company operating in some 127 cities.
“A more efficient and reliable energy distribution network is important for economic growth in Armenia”, - said Sonali Tang.
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
Partner news