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

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.