Sponsored Links
Friday, Fitch Ratings revised the Russian Federation's ratings outlook to stable from negative. The agency affirmed its long-term foreign and local currency Issuer Default Ratings or IDRs at 'BBB'. Fitch also affirmed short-term foreign currency IDR at 'F3' and the country ceiling at 'BBB+'.
"The revision of Russia's outlook to stable reflects our greater confidence in economic and financial stability in Russia," said Edward Parker, Head of Emerging Europe in Fitch's Sovereigns team. The rating agency assessed that downside risks to the banking sector lessened somewhat due to the stabilization of the economy and banks' increasing loss absorption capacity.
Parker said that the increase in oil prices, recovery in net private sector capital inflows and economic activity, decline in inflation and a lower than expected 2009 budget deficit outturn also supported the decision to raise the rating outlook.
0 komentar:
Post a Comment