Fitch sees 'very high probability' of Russia credit rating upgrade
September 26, 2017
Russia's sovereign rating is likely to be raised, however the possible expansion of US sanctions may deter the upgrade, said the director of Fitch Ratings' Sovereigns group, Erich Arispe.
"Of course, the decision made on Friday [the upgrade of Russia's sovereign rating by Fitch - Ed.] shows there's a very high probability that the Russian rating will be upgraded," he told Bloomberg.
Arispe added the analysis by the US Congress on the impact of the possible sanctions' expansion on Russia's government debt and derivatives makes Fitch "think about the consequences."
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According to Fitch, it is necessary to assess how any decision on public debt affects inflation, macroeconomic stability and, most importantly, the "financial flexibility of a sovereign debt."