Russian World War I submarine lost near Sweden may be handed over to Russia — lawmakerSociety & Culture May 05, 16:59
Sberbank to issue euro bonds in yuanBusiness & Economy May 05, 16:58
Putin, Abe to discuss Kuril Islands but progress in talks will require time — KremlinRussian Politics & Diplomacy May 05, 16:51
Moscow court arrests 3 suspects for planning terror attacks in Moscow during May holidaysSociety & Culture May 05, 16:40
Analyst: Demand for opposition under Putin was growing, but was not satisfiedRussian Politics & Diplomacy May 05, 16:13
Russia-China cooperation ‘important factor’ on international arena - top lawmakerRussian Politics & Diplomacy May 05, 15:37
China's Kunlun hockey club to join Kontinental Hockey League next season — officialSport May 05, 15:36
Kremlin says truce in Syria’s Aleppo is very fragileRussian Politics & Diplomacy May 05, 15:31
Russian lawmaker: US to affect other states’ interests within new trade partnershipsRussian Politics & Diplomacy May 05, 15:13
MOSCOW, March 24. /ITAR-TASS/. The Fitch international rating agency has downgraded the ratings of nine Russian state-owned companies, including Gazprom, to negative from stable.
The agency has also revised its outlook to negative from stable on 16 Russian banks, including Sberbank, Rosselkhozbank, Alfa Bank, Gazprombank and Vensheconombank.
“The rating actions follow Fitch’s revision of the Russian Federation’s Outlook to Negative from Stable and the affirmation of its Long-term foreign and local currency Issuer Default Ratings (IDRs) at ‘BBB’ on 21 March 2014,” the agency said in a press release on Monday, March 24.
On March 21, Fitch revised its rating of Russia to negative from stable citing a potential impact of Western sanctions on the economy and business environment in Russia.
Fitch analysts think that the direct effect from the declared sanctions will not be significant, but in the future investors can face new measures such as restrictions on Russian companies’ access to international capital markets.