WASHINGTON (Pakistan Point News / Sputnik - 18th August, 2018) Fitch Ratings on Friday maintained Russia's issuer default credit rating at BBB- with a positive outlook, citing ongoing progress in strengthening the country's economic policy framework.
"Fitch Ratings has affirmed Russia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with a Positive Outlook," Fitch said in a press release. "The Positive Outlook reflects continued progress in strengthening the economic policy framework underpinned by a more flexible exchange rate, a strong commitment to inflation- targeting and a prudent fiscal strategy."
