Fitch upgrades Russia's ratings

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MOSCOW, August 3 (RIA Novosti) - Fitch, the international ratings agency, announced that it has upgraded Russia's long-term rating on foreign currency borrowings one level from BBB- to BBB.

Long-term outlook is stable, the agency said.

The agency has also upgraded the Finance Ministy's ratings of the fifth and eighth tranches by two notches - from BB+ to BBB, and has confirmed Russia's F-3 short-term rating.

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