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Fitch Affirms Russian Currency Bonds at BBB- With Negative Outlook

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Fitch Ratings maintained a BBB- rating for Russia’s bonds with a negative outlook, the agency said in a press release. 15.04.2016, Sputnik International

2016-04-15T21:28+0000

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Fitch Affirms Russian Currency Bonds at BBB- With Negative Outlook

21:28 GMT 15.04.2016 (Updated: 23:00 GMT 15.04.2016)

Fitch Ratings maintained a BBB- rating for Russia’s bonds with a negative outlook, the agency said in a press release.

WASHINGTON (Sputnik) — According to the forecasts of the Ministry of Economic Development, in 2016 GDP is expected to grow by 0.7 percent and inflation is expected to be 6.4% by the end of the year while Urals crude is expected to be $50 a barrel and the ruble-dollar rate is expected to be 63.3.

"The issue ratings on Russia's senior unsecured foreign- and local-currency bonds are also affirmed at 'BBB-'," Fitch stated on Friday.