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Fitch Upgrades Sberbank to BBB


The international rating agency Fitch upgraded Sberbank's long-term issuer default ratings from BBB- to BBB.

The corresponding statement is published on the agency’s website.

Earlier, Fitch upgraded Russia's long-term foreign currency credit rating at investment grade from BBB- to BBB.

The head of the Russian Ministry of Finance, Anton Siluanov, commenting on this decision, said that Moscow was counting on raising the country's sovereign rating from Standard & Poor's and Moody's following Fitch Ratings.

Source: russiart

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