Fitch downgrades Russia’s RussNeft rating to CCC+ from B

MOSCOW, Mar 10 (PRIME) -- International rating agency Fitch has downgraded the long-term issuer-default rating of Russian oil company RussNeft to CCC+ from B, the agency said in a statement on March 6.

The rating downgrade reflected the deterioration of liquidity of RussNeft, Fitch said, adding that the agency also doubted the corporate management practices of the company.

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