Moscow, Saint Petersburg, Tatarstan lose Fitch ratings

 

Fitch has lowered the long-term default credit rating in foreign and national currencies of Moscow, Saint Petersburg, Tatarstan, Tyumen Oblast and the KMAO from BBB to BBB- with a negative forecast, Interfax reports.The oblasts of Takutia, Chelyabinsk, Leningrad and Novosibirsk preserve the BBB rating, though they got negative forecasts.Russia’s rating was lowered to BBB- with a negative forecast on January 9. According to Fitch, ratings of Russian regions will be lowered if the country’s rating drops.

 

Fitch has lowered the long-term default credit rating in foreign and national currencies of Moscow, Saint Petersburg, Tatarstan, Tyumen Oblast and the KMAO from BBB to BBB- with a negative forecast, Interfax reports.

The oblasts of Takutia, Chelyabinsk, Leningrad and Novosibirsk preserve the BBB rating, though they got negative forecasts.

Russia’s rating was lowered to BBB- with a negative forecast on January 9. According to Fitch, ratings of Russian regions will be lowered if the country’s rating drops.