Fitch lowers the forecast on the ratings of 9 Russian companies from stable to negative
Edited by Rhod Mackenzie / 2014-03-25 11:25:49
The International Ratings Agency Fitch has lowered the forecast on long-term issuer default ratings of 9 large Russian companies of energy, transport and extracting sectors from stable to negative, the agency’s press release reports.
“The rating change follows the deterioration of forecast on long-term Russian issuer default ratings “BBB” from stable to negative on March 21st,” – the press release notes. Russian Railways, Gazprom and RusGidro are among the companies, which ratings forecasts were deteriorated.
Besides, the Fitch’s decision affected Federal Passenger Company (Russian Railways’ subsidiary), Atomenergoprom, Gazpromneft, Lukoil, FGC UES and Sukhoi Civil Aircraft CJSC.
