Russian Capital Outflows Reflect Political Turmoil, Fitch Says

Russian capital outflows that surpassed the central bank’s full-year estimate through the end of November reflect unease about the country’s political outlook, Fitch Ratings said.

Capital outflows “partly reflect the poor business climate and political uncertainty,” the ratings company said in an e-mailed statement today, adding that the level is “not currently high enough to affect the country’s BBB rating.”