Fitch affirms rating of DOM.RF at BBB with Stable outlook

MOSCOW, Nov 11 (PRIME) -- International rating agency Fitch Ratings has affirmed the issuer default ratings of Russian national housing development institution DOM.RF in local and foreign currencies at BBB with Stable outlooks, the agency said in a statement on Wednesday.

“The rating affirmation reflects Fitch's expectations of the Russian government's continuing strong ability and willingness to provide support to DOM.RF. Using Fitch's Government-Related Entities Criteria we apply a top-down approach, based on our unchanged assessment of the strength of linkage and incentive to support by the state. This leads to an equalization of DOM.RF's ratings with Russia irrespective of the entity's standalone credit profile assessment,” Fitch said.

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