Fitch downgraded the ratings of Russia.

KommentariiZatormozili30.01.2009Rossiyskaya economy in 2009 will cease to rastiMezhdunarodnoe rating agency Fitch downgraded the long-term rating of Russia on liabilities in foreign and national currency from "BBB +" to "BBB", says a press release agency. Short-term rating on liabilities in foreign currency was downgraded to "F2" to "F3". In this forecast on long-term rating was left at the level of "negative."
The reason for lowering the rating has a negative impact on the economy of Russia a global financial crisis and a sharp decline in commodity prices and imbalances in the global capital market, which makes Russian banks and companies can not refinance their external debts. In addition, the assessment Fitch, the country is experiencing difficulties with stabilizirovaniem the macroeconomic situation.
In December 2008, two rating agencies Moody's and Standard & Poor's (S & P) revised the ratings of Russia. For example, Moody's downgraded the forecast for the country's sovereign rating to "positive" to "stable." S & P lowered the long-term rating on liabilities in foreign currency to "BBB", and short-term - to a level "A-3". Outlook on the ratings had been left a "negative."