Fitch affirms Russia’s BBB rating with negative outlookJuly 26, 2014 - 15:38 AMT PanARMENIAN.Net - Fitch Ratings has affirmed Moscow’s long-term foreign and local currency issuer default ratings (IDRs) at “BBB” with negative outlook, the agency said Saturday, July 26, according to RIA Novosti. The global rating agency also affirmed the short-term foreign currency IDR at “F3.” The country ceiling has been lowered to 'BBB' from 'BBB+'. Fitch links the negative outlook to recently introduced Western sanctions against Russian companies. Fitch marks that Russia continues to enjoy broad social and political stability. A reduction in tensions with the international community, resulting in a decreased risk of sanctions being imposed, may stabilize the outlook in the future, the agency said. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |