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Fitch downgrades Rosagroleasing's national long-term rating

Fitch Ratings on Dec. 21 downgraded JSC Rosagroleasing's national long-term rating to AA-(rus) from AA(rus), with a stable outlook, to bring it in line with the latest Russian national-scale mapping.

At the same time, the agency affirmed Rosagroleasing's BB/B long- and short-term foreign-currency issuer default ratings, its 3 support rating and its BB support rating floor. The outlook on the long-term foreign-currency issuer default rating is stable.

The company's ratings are driven by potential support from the state.