OREANDA-NEWS. Fitch Ratings has affirmed Russia-based Joint Stock Company Federal Passenger Company's (FPC) Long-Term Issuer Default Rating (IDR) at 'BB+' with Negative Outlook.

Fitch has also assigned the company's RUB5bn 10-year local bonds with a put option in 2019 a 'BB+' senior unsecured rating, in line with the company's IDR. A full list of rating actions is available at the end of this commentary.