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Article: Fitch Revises Country Ceilings for 40 countries, including Russia (Part 2).
- Article from:
- Russia & CIS Business and Financial Newswire
- Article date:
- August 17, 2006
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Fitch Revises Country Ceilings for 40 countries, including Russia (Part 2)
LONDON. Aug 17 (Interfax) - Fitch Ratings has revised upwards the Country Ceilings for 40 countries, including Russia and a number of other FSU republics, the agency said in a press release.
Russia's Country Ceiling was revised to 'A-' (A minus) from 'BBB+'.
In addition, Armenia was revised to 'BB' from 'BB-' (BB minus), Estonia to 'AA' from 'AA-' (AA minus), Kazakhstan to 'BBB+' from BBB, Latvia to 'AA-' (AA minus) from 'A+' and Lithuania to 'AA-' (AA minus) from 'A+'.
The Country Ceilings are an effective cap on all foreign currency ratings of entities and ...