The international rating agency Fitch downgraded the ratings of 26 Russian commodity companies. This is reported TASS.
Ratings of 28 organizations were included in the Rating Watch list with a negative outlook. Among them are such companies as Gazprom, Gazprom Neft, Tatneft, Novatek, Lukoil, Bashneft, Severstal, NLMK, MMK, Evraz. In addition, Metalloinvest, MMC Norilsk Nickel, Petropavlovsk, Alrosa, SUEK, Sibur, Acron, Uralkali and Phosagro were included.
Earlier, Fitch changed Russia’s long-term foreign currency default rating, downgrading it to ‘B’ from ‘BBB’. The agency believes that the severity of international sanctions in response to Russia’s military special operation in Ukraine has increased threats to macro-financial stability and could undermine its willingness to service public debt.
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