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Fitch Affirms Russia to investment grade BBB- with a negative outlook

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Fitch Affirms Russia to investment grade BBB- with a negative outlook

Post by Admin on Fri Oct 16, 2015 6:13 pm

Agency Fitch Affirms Russia to investment grade BBB- with a negative outlook, the agency said.

Short-term foreign currency rating is affirmed at F3.

According to the forecast, the federal budget deficit will amount to 2% of GDP in 2016 when the price of oil at $ 60 a barrel.

Inflation in Russia in 2015 could reach 15.5% by the end of the year.

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