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(Reuters) – Ratings agency Fitch revised its outlook on Russia’s long-term foreign- and local-currency issuer default ratings to positive from stable.
http://russiafeed.com/sanctions-russias-gdp-grows-1-7-jan-aug-2017/
Fitch, which also affirmed Russia’s rating at “BBB-”, said the country continues to make progress in strengthening its policy framework, underpinned by a more flexible exchange rate, strong commitment to inflation targeting and a prudent fiscal strategy.
Standard & Poor’s Global Ratings last week retained Russia’s long-and short-term foreign currency rating at ‘BB+/B’ with a positive outlook. (Reporting by Pranav Kiran in Bengaluru)
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.