Fitch cuts Russia’s long-term issuer default rating to B from BBB

MOSCOW, Mar 3 (PRIME) -- International rating agency Fitch has downgraded Russia’s long-term issuer default rating to B from BBB, the agency said in a statement on Thursday.

International rating agency Moody’s Investors Service also downgraded Russia’s long-term rating to B3, down by six levels from Baa3 in the previous report.

Russia’s ratings have been placed on the review list with the possibility of a downgrade, Fitch and Moody’s said in their respective statements.

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