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Fitch downgraded rating of Moscow Domodedovo Airport to BB from BB+ with a Negative outlook

International rating agency Fitch has downgraded the rating of Russia’s Domodedovo International Airport to BB from BB+ with a Negative outlook, the agency said in a statement on Thursday. This reported by PRIME.

The downgrade reflects probable worsening of financial performance in 2020 due to restrictions in mobility and an unfavorable macroeconomic situation in Russia. The impact of the ruble devaluation and lower oil prices on the airport is also negative, Fitch said.

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URL: http://www.ruaviation.com/news/2020/3/26/14885/?h