Fitch to maintain rating of Russia, S&P expect oil at the price of $50
American Fitch Ratings will maintain the Russia's rating in the category of "investment one", while the debt burden of the country remains at the current low level, senior director of Fitch's analytical group for sovereign issuers Charles Seville said today, spoken in London.
In January and February 2015, Standard & Poors, Fitch and Moody's lowered the ratings of Russia, but only Fitch maintained the investment level. Fitch expects a decline of the Russia's GDP by 3.5-4% in 2015. The pressure on the payment balance of Russia is restrained, the volume of Russia’s reserves stabilized, said Seville. The monetary policy gave good results. The pressure on Russian companies because of servicing external debts proved to be lower than it was expected, he said.
