Fitch affirms Russia’s BBB rating with negative outlookJuly 26, 2014 - 15:38 AMT 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 Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |