Fitch cuts three Russian issuers

Fitch Ratings said it cut three Russian port and airport operators.

The agency lowered Deloports LLC’s long-term issuer default rating and rating to CC from B.

Fitch dropped the ratings on Global Ports Finance plc, Global Ports Investments plc and First Container Terminal's (together Global Ports) ratings to CC from B.

Additionally, Fitch lowered the ratings for DME Ltd. and DME Airport DAC to CC from CCC.

Fitch said it usually does not assign outlooks or apply modifiers with a rating of CCC or below.

“The rating actions consider the new restrictions that may impair the infrastructure issuers' ability to service debt, and follow Fitch's downgrade of Russia's sovereign ratings,” the agency said in a press release.

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