The results of Russia’s parliamentary elections, in which the ruling United Russia party fared worse than expected, will not affect the country's investment-grade rating, international rating agency Fitch said.
"The results will not alter our ‘BBB’ rating and positive outlook on the Russian Federation, which Fitch affirmed in September. Russia’s vulnerability to a severe and sustained fall in oil prices and its economic and fiscal performance remain the key possible ratings triggers, as they were in September," the rating agency said in a statement.
Prime Minister Vladimir Putin's party saw a big slump in support at Sunday's polls, with its share of the vote falling from 64% to just under 50%.
