Fitch keeps Russia’s rating at the last stage of investment level

Fitch keeps Russia’s rating at the last stage of investment level


Moscow. July 25. International rating Agency Fitch Ratings on Friday affirmed the long-term Issuer default rating (IDR) of the Russian Federation in the national currency, leaving it to the last stage of investment level “BBB-“.

The rating action was due to the revision of the criteria held on the 18th of July, according to a press release from the Agency.

At the same time was confirmed assessment senior unsecured debt obligations of the Russian Federation in national currency “BBB-“. The ceiling of the country rating will remain at the level of “BBB-“.

Forecast long-term ratings – “negative”.

In the group with this level of ratings, among others, also includes India, Indonesia, Turkey, Uruguay and South Africa.

Short-term IDR in foreign currency is affirmed at “F3”. In addition, the Russian Federation has a new short-term IDR in the national currency at the level “F3”.

As reported, the Agency S&P keeps Russia’s rating in foreign currency at level “BB+”, in national currency – “BBB-“, forecast – “negative”. Moody’s evaluates the creditworthiness of Russia at the level of Ba1, also with a “negative” Outlook.