Fitch downgrades ratings of several dozen Russian companies

MOSCOW, Mar 5 (PRIME) -- International rating agency Fitch Ratings has downgraded the long-term ratings of several dozens of Russian energy and mining companies, banks and state-owned corporations, the agency said in multiple statements on Friday and Saturday.

The long-term ratings of 26 energy and mining companies, including gas and oil giants Gazprom, Tatneft, Novatek, Lukoil, Bashneft, mining and metals companies Severstal, MMK, Metalloinvest, Norilsk Nickel, RUSAL, ALROSA, Sibur Holding and several others.

A total of 32 Russian banks were also on the downgrade list, including Sberbank, Alfa Bank, Tinkoff Bank, Raiffeisenbank, Home Credit Bank and many others.

Among state-owned companies, the ratings of Russian Railways, Rusnano, Russian Highways, Russian Post, DOM.RF and Federal Passenger Company were downgraded.

Eleven electric power companies were also on the list, including FGC UES, TGK-1, RusHydro, En+ Group, Enel Russia, Inter RAO and some others. All of the companies now have a rating of B with a negative outlook.

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