Fitch kept the Russian rating «BBB-» level with a “negative” outlook – Rosbalt.RU

 Fitch Ratings affirmed long-term issuer default rating of Russia in foreign and national currencies in the investment «BBB-» level with a “negative” outlook.

 According to the forecast agency, Russia’s budget deficit by the end of 2016 will increase to 3.9% of GDP. Inflation will exceed the targets of the Central Bank of 4% by the end of 2017.

 Previously, the rating agency Moody’s and Standard & amp; Poor’s downgraded Russia below investment grade. Rating from Moody’s at the level “of Ba1″ with a “stable” outlook rating from S & amp; P – at ‘BB +’, porgnoz rated “negative»

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