Fitch Ratings has affirmed Russia's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with a Positive Outlook. A full list of rating actions is at the end of this rating action commentary. KEY RATING DRIVERS Russia's ratings balance a strong sovereign balance sheet, robust external finances and a credible macroeconomic policy framework against weaker growth prospects than peers, high commodity dependence, weak governance standards and geopolitical tensions. The Positive Outlook reflects continued progress in strengthening the economic policy framework underpinned by a more flexible ... (full story)