Fitch upgrades Russian companies

Fitch Ratings said it upgraded six Russian government-related entities’ long-term foreign- and local-currency issuer default ratings to BBB from BBB-. The upgrade follows Fitch’s raising the sovereign rating for Russia.

The agency also upgraded the companies’ senior unsecured ratings to BBB from BBB-.

The companies are Avtodor, JSC Russian Railways, JSC Federal Passenger Co., JSC Rusnano, RZD Capital plc, FSUE Post of Russia and JSC DOM.RF Russia Housing and Development Corp.

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