// 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
The official said that the EU countries have already issued a mandate for negotiating a corresponding document.
Iran plans to increase natural gas exports to Armenia from 1 million cubic meters per day to 3 million cubic meters in the next few years.
“The two sides are currently preparing the required infrastructure for boosting natural gas exchange,” NIGEC chief Alireza Kameli said.
Sargsyan said fingerprints of some 1.5 million potential voters will have to be collected which requires a lot of work.
Partner news