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    Fitch has downgrades Russia’s rating from BBB to BBB- negative outlook

    The Short-term foreign currency IDR has been affirmed at F3

    Baku. 10 January. REPORT.AZ/ The international rating agency Fitch said on Friday it had downgraded Russia’s long-term rating from BBB to BBB-, negative outlook.

    “Fitch Ratings has downgraded Russia's Long-term foreign and local currency Issuer Default Ratings (IDR) to 'BBB-' from 'BBB'. The issue ratings on Russia's senior unsecured foreign and local currency bonds have also been downgraded to 'BBB-' from 'BBB'. The Outlooks on the Long-term IDRs are Negative.

    Report informs citing TASS, the Country Ceiling has been lowered to 'BBB-'from 'BBB'. The Short-term foreign currency IDR has been affirmed at 'F3',” Fitch said in a statement.

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