Bond Buyers Oppose Fitch Rating as Spreads Widen: Russia Credit

Fitch Ratings is preparing to raise Russia’s credit rating even as investors downgrade the country’s bonds relative to Mexico and Brazil.

“To say that Russia is an improving credit, I don’t think that that statement is very valid,” Vladimir Gersamia, who helps manage $2 billion at Threadneedle Asset Management in London, said in a phone interview on Jan. 21. “What do these rating agencies really know?”