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

Fitch

Fitch has downgrades Russia’s rating from BBB to BBB-, negative outlook (Itar Tass, Jan 10, 2015):

LONDON, January 10. /TASS/. 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. 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.

1 thought on “Fitch has downgrades Russia’s rating from BBB to BBB-, negative outlook

  1. Why anyone would listen to Fitch, Moody’s or any of these so-called evaluators is a joke. They exported Enron accounting to the world, and their lies caused entire nations to go bankrupt. They ought to be in jail, not downgrading anyone. If anyone is fool enough to believe them…………I have no pity for them.

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