CIS and Black Sea Region Rating Cycle Slowing

Sovereigns in the Commonwealth of Independent States (CIS) and Black Sea Region have experienced positive rating momentum recently, with four upgrades in 2019. Paul Gamble, Head of Emerging Europe Sovereign Ratings, and Erich Arispe, Senior Director on the Sovereign team, discuss the factors behind the improvement in region’s ratings and why Fitch believes that further upgrades may be tougher to achieve.