Fitch affirms Moscow “BBB-” with negative Outlook

Fitch affirms Moscow “BBB-” with negative Outlook


The rating Agency confirmed short-term Issuer default rating of Russia in foreign currency at ‘ F3 ‘ and national scale rating of “AAA(rus)” with a stable Outlook.

MOSCOW, Nov 27. International rating Agency Fitch has affirmed long-term Issuer default rating in foreign and national currency “BBB-” of the city of Moscow with a negative Outlook, said in the statement.

The confirmation reflects the strong economic performance of Moscow, good budgetary performance, high flexibility of the investment. Ratings of Moscow constrained by the sovereign rating.

The negative Outlook on the rating of the city reflects a similar Outlook on the sovereign.

Simultaneously, Fitch confirmed short-term Issuer default rating of Moscow in foreign currency at ‘ F3 ‘ and national scale rating of “AAA(rus)” with a stable Outlook.

In addition, Fitch on Friday affirmed the long-term Issuer default rating in foreign and national currency of the Leningrad region at the level “BBB-” with a negative Outlook, short-term Issuer default rating of ‘ F3 ‘ and national scale rating “AA+(rus)” with a stable Outlook.