Friday, October 16, 2015

Fitch confirmed the rating “BBB-” from Russia, negative outlook – Bourse Les Echos

October 16 (Reuters) – Fitch confirmed Friday the long-term rating of Russia to “BBB-”, with a negative outlook

The rating agency believes. that the Russian economy is expected to stabilize, with a growth rate of 0.5% in 2016 and 1.5% in 2017 after contracting by 4% expected this year.

She believes that the risk of hardening of sanctions against Russia has decreased, but expects a worsening of the federal deficit to 2.8% of GDP in 2015

Press Fitch in English. http: //bit.ly/1LeG1EY

(Bangalore Bureau, Juliette Rouillon for the French service)

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