Economics
Russia Wins Debt Upgrade From Fitch on Fiscal, Inflation Moves
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Russia’s credit was lifted by Fitch Ratings Ltd., which cited strong fiscal policies and a commitment to inflation-targeting.
The sovereign rating was increased to BBB, the second-lowest investment grade, with a stable outlook, Fitch said in a statement. The nation’s credit score is now on a par with that of Kazakhstan, Italy and Mexico. Last month, S&P Global Ratings affirmed Russia’s rating at BBB- with a stable outlook.