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Fitch confirms Russia’s sovereign rating at BBB

August 14, 2013, 20:09 UTC+3
Outlook stable: low state debt of 10.4%, positive export balance
1 pages in this article
Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

MOSCOW, August 14 (Itar-Tass) - The rating agency Fitch has confirmed Russia’s sovereign rating at BBB with a stable outlook.

Among Russia’s advantages, Fitch experts named a low state debt of 10.4 percent of GDP in 2012 and a positive current account.

At the same time, Fitch noted that the Russian economy is slowing down and its growth will not exceed 2 percent in 2013. Structural reforms are also dragging on.

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