OREANDA-NEWS. Fitch Ratings says in a new report that liquidity across the Russian non-financial corporate sector remains adequate, with most issuers having sufficient liquidity sources to cover their scheduled 2016 needs.

We have identified 12 out of 61 rated Russian companies that may need to make additional efforts to cover their refinancing exposure or finance negative free cash-flow generation.

The 61 Fitch-rated Russian corporates have a total of RUB2.5trn maturing in 2016 and RUB2.4trn maturing in 2017. This is approximately 10% of total Russian corporate debt, both domestic and international. Sixty two percent of 2016 debt redemptions are denominated in dollars, and 63% are in 2017, correlating to a 56% share of foreign-currency debt in total.