Russia, China round up joint naval exercise in Baltic SeaMilitary & Defense July 27, 21:27
Chechen leader says he is ready to quit his job to protect al-Aqsa Mosque in JerusalemSociety & Culture July 27, 21:07
Russian tennis star Sharapova granted wildcard for WTA tournament in CincinnatiSport July 27, 20:11
Russia invites Baltic partners to attend naval review in St. PetersburgMilitary & Defense July 27, 19:38
Russia’s new ambassador to Turkey presents his credentials to ErdoganRussian Politics & Diplomacy July 27, 19:03
Deadly wildfires in southern EuropeWorld July 27, 18:20
Russia interested in cooperation with Finland on Arctic environmentBusiness & Economy July 27, 18:14
New US anti-Russia sanctions way to pursue its economic interests with cynicism — PutinRussian Politics & Diplomacy July 27, 18:11
Moscow surgeons separate newborn Siamese twins conjoined at head in 30 minutesSociety & Culture July 27, 17:57
MOSCOW, January 16 (Itar-Tass) —— The rating agency Fitch’s decision to lower Russia’s issuer default rating (IDR) from “positive” to “stable” was hasty, presidential aide Arklady Dvorkovich said.
“A combination of our political risks and problems in the EU is an acceptable explanation, but the decision is hasty,” he said in his microblog on Twitter on Monday, January 16.
The Fitch international ratings agency has affirmed Russia’s issuer default rating (IDR) at BBB, while revising the country’s long-term foreign and local currency IDR outlook to stable from positive, the agency said in a statement Monday.
The political uncertainty in Russia has risen and the global economic outlook has worsened since Fitch last affirmed the country’s rating in September 2011.
Moreover, the agency said that political risk, reflected by poor governance indicators, is a long-standing weakness compared with most other BBB-rated countries, and recent events have highlighted the limitations and risks associated with Russia’s political model.
According to the agency, higher-than-expected oil prices stimulated public finances to outperform the budget in 2011.