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Fitch raises forecast on ratings of 14 Russian companies from 'negative' to 'stable'

October 20, 2016, 20:56 UTC+3
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MOSCOW, October 20. /TASS/. International rating agency Fitch has improved its outlook on ratings of 14 Russian companies to "stable" from "negative," the agency said in a statement.

The list in particular includes such companies as Atomenergoprom, Gazprom, Gazprom Neft, Lukoil, Novatek, Russian Railways, Rostelecom, Sukhoi Civil Aircraft, Tatneft, Inter RAO UES, Severstal.

For most companies the agency affirmed long-term credit rating in foreign currency at "BBB-", besides the FPC and Sukhoi. Their ratings were affirmed at 'BB +' and 'BB-' respectively.

Previously, Fitch improved the outlook for the credit rating of Russia raising it to "stable" from "negative", confirming it on "BBB-" investment grade.

In September, Standard & Poor's also changed the outlook on the credit ratings of 16 Russian companies from "negative" to "stable".

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