Fitch affirmed the ratings of Tatarstan, Kazan, Chuvashia and Altai Territory – Business News Agency

 

The rating agency Fitch has decided to leave unchanged the long-term issuer default ratings (IDR) of the Republic of Tatarstan and Chuvashia, Altai Territory and Kazan . This agency reported on Friday.

So, Chuvashia rating remained at the level «BB + / AA (rus)». The forecast “negative”. In Fitch considered stable credit metrics in the region, but point to a continuation of its budget deficit. “Negative” forecast retained agency and Tatarstan with a rating «BBB-». At the same time the capital of the republic – «BB- / A + (rus)» with a “stable” outlook. The agency noted the Tatar economy diversification, strong operating balance in the region and moderate risk. “Stable” outlook preserved in the Altai Territory with the rating «BB + /».

Recall that in early July, Fitch remained unchanged Russia’s investment rating at «BBB-». Forecast on it – “negative”. The agency pointed to a lower oil price and the volatility of the ruble.

It should be noted, Fitch – the only major world agencies, which did not reduce the Russian rating to “junk”. In late February, Moody’s downgraded Russia to “junk» Ba1 with a negative outlook. Before that, the agency Standard & amp; Poor’s also downgraded the rating of Russia to the level «BB +» below «investment».