Tag Archives: macroeconomic stability

Fitch affirms Russia’s credit rating, says its Covid-19 response helps to maintain macroeconomic stability

Fitch Ratings has maintained Russia’s investment-grade level with a stable outlook, becoming the second of the “Big Three” credit rating agencies to keep the country’s overview intact amid the coronavirus crisis. Despite the Russian economy set to shrink by 5.2 percent this year due to the pandemic, the rating agency said on Friday that Moscow’s […]