Putin, Erdogan may have telephone conversation soon — KremlinRussian Politics & Diplomacy September 20, 21:39
Lavrov offers condolences to Mexican people over deadly earthquakesRussian Politics & Diplomacy September 20, 21:01
UN Security Council passes resolution on peacekeeping reformWorld September 20, 20:14
UN peacekeepers should use force only for self-defense — LavrovRussian Politics & Diplomacy September 20, 20:01
Breaking of Idlib siege leaves three Russian servicemen woundedMilitary & Defense September 20, 19:00
Ukraine's president requests UNSC to deploy UN mission to Donbass as soon as possibleWorld September 20, 18:30
Diplomat believes Morgan Freeman was 'roped in' to be weaponized in anti-Russia crusadeRussian Politics & Diplomacy September 20, 18:02
Russian lawyer blasts ‘medieval’ efforts by UK Paralympic athletes to fake handicapSport September 20, 17:36
Aftermath of powerful earthquake in MexicoWorld September 20, 17:28
MOSCOW, May 5. /TASS/. Fitch Ratings downgraded Long-term foreign currency Issuer Default Rating (IDR) of Russia-based Far-Eastern Shipping Company (Fesco) to 'C' from 'CC', the rating agency reported Thursday.
The downgrade followed the company's announcement that it will not pay the eurobond coupon payments due on 4 May 2016 in respect to its two eurobonds maturing in 2018 (8%) and 2020 (8.75%).
The downgrade also reflects Fesco's weak liquidity, the continued deterioration of operational performance, weaker cash generation, and exposure to a contracting economy and ruble exchange rate volatility, the agency said.
"We expect the company's financial performance to have deteriorated in 2015 and believe that an improvement in 2016 is uncertain," the report said.