Fitch affirms Russia at 'BBB-'

Fitch Ratings on Friday affirmed Russia’s credit rating at ‘BBB-‘ citing a strong sovereign balance sheet and robust external finances, Reuters reports.

“The ‍prospect of harsher additional US sanctions remains high, maintaining risks for sovereign financing flexibility, private sector access to international financing and macroeconomic volatility, as well as weighing on growth prospects​,” the credit rating agency said.

The agency’s outlook on Russia remained unchanged at “positive”.