Fitch Ratings changes Russia’s outlook to positive

Namig Huseynov
Post's author

Baku. 23 September. REPORT.AZ/ International agency Fitch Ratings affirmed the outlook on Russia's long-term foreign- and local-currency Issuer Default Ratings (IDRs) at 'BBB-'.

Report informs, the ratings agency stated.

Fitch Ratings revised the outlook rating from stable to positive.

The agency explained the decision with improvements to its policy framework. According to agency, the economic growth in the neighboring country will continue even though with slow speed. 

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