Sunday, April 19, 2015

Fitch has postponed consideration of Russia’s rating – Bulletin

The international rating agency Fitch has postponed consideration of the rating actions on Russia for more in-depth study of the situation in the economy, said Finance Minister Anton Siluanov.

«Today we met with the rating agencies. I met Fitch. They have not changed the rating, said that the committee deferred consideration on the situation in Russia, will be even more deeply study the situation in economy and finance. In any case, any decision to change the rating is not taken “- quoted Siluanova” Interfax “.

The previous rating was assigned to Russia on 10 January. The agency downgraded it to the level BBB-.

The Minister said that the representatives of the Ministry of Finance planned meeting in Washington with the “big three” rating agencies. Meeting c S & amp; P and Fitch has already taken place, meeting with representatives of Moody’s will be held on Saturday.

On Friday, ratings agency Standard & amp; Poor’s affirmed its long-term rating of the Russian Federation on liabilities in foreign currency at BB + and has kept a negative outlook. Short-term rating on liabilities in foreign currency remained at B.

Siluanov believes that in the near future should not expect an upgrade Russia to investment grade.

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