Fitch affirms Russia’s rating at BBB, outlook Stable

MOSCOW, Feb 10 (PRIME) -- International rating agency Fitch has affirmed Russia’s long-term sovereign issuer default rating at BBB and maintained Stable outlook, the agency said in a statement on February 8.

“Russia's BBB issuer default ratings reflect its credible and consistent policy framework, which supports improved macroeconomic stability and resilience to shocks, and strong public and external balance sheets underpinned by a solid sovereign net foreign asset position, low government debt and increasing fiscal savings,” Fitch said.

The short-term issuer default rating was confirmed at F2.

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