Fitch downgrades Domodedovo airport to BB, outlook Negative

MOSCOW, Mar 26 (PRIME) -- International rating agency Fitch has downgraded the rating of Russia’s Domodedovo International Airport to BB from BB+ with a Negative outlook, the agency said in a statement on Thursday.

The downgrade reflects probable worsening of financial performance in 2020 due to restrictions in mobility and an unfavorable macroeconomic situation in Russia. The impact of the ruble devaluation and lower oil prices on the airport is also negative, Fitch said.

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