Fitch International Agency improved rating outlook of Bashkiria
The International Fitch Ratings Agency upgraded the rating of 9 Russian regions, including Bashkortostan, from negative to stable.
«Fitch revised the outlook on the rating of nine Russian local and regional governments from negative to stable. These include Moscow, St. Petersburg, the Republic of Bashkortostan, Tatarstan, Sakha (Yakutia), and Chelyabinsk, Leningrad, Novosibirsk and Tyumen regions ", it is said in the statement.
The Fitch Ratings Agency in the middle of October upgraded the outlook for long-term issuer default rating (IDR) of the Russian Federation in foreign and national currencies from negative to stable, having confirmed the rating at «BBB-».