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Fitch Improved Russia's Sovereign Credit Rating
14.10.2016 23:55
Fitch Improved Russia's Sovereign Credit Rating

International rating agency Fitch Ratings improved the outlook for Russia's sovereign credit rating to "stable" from "negative." Rating is affirmed at the last stage of the investment grade BBB-. It is reported by TASS with reference to the agency's data.

      "Russia waged a consistent and robust policy response to the sharp fall in oil prices", - the agency experts suggest.

      Fitch also noted a flexible exchange rate and financial sector support.

      Russian Finance Minister Anton Siluanov expressed satisfaction with the increased forecast. Currently, Russia's ratings by two other international agencies are below the investment level: Moody's - Ba1, and S&P - BB +.




Author: Anna Dorozhkina


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