MOSCOW (Sputnik) – Fitch Ratings maintained Russia’s issuer default credit rating at BBB with a stable outlook.
The agency pointed out Russia’s solid sovereign net foreign asset position, low government debt, and rising fiscal savings.
According to Fitch Ratings, Moscow’s strong commitment to inflation targeting, exchange rate flexibility and prudent fiscal strategy ensure the country’s macroeconomic stability, improving resilience to external shocks as well as lowering dependence on oil prices.
In August 2019, the international credit rating agency upgraded Russia’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘BBB’ from ‘BBB-‘.
Sourse: sputniknews.com
