011015moscowThe international ratings agency has knocked Russia’s credit rating down a peg, while warning that ‘growth may not return until 2017,’ as the national economy struggles amid sanctions and tumbling oil prices. Fitch Ratings Inc, with dual headquarters in New York and London, downgraded Russia’s credit rating to BBB- from BBB, which is just one step away from the non-investment field. While not yet the worst rating, Fitch nevertheless predicted a rough road ahead for the Russian economy, which has witnessed a dramatically weakened ruble together with steadily declining oil prices. Fitch said Russia’s Gross Domestic Product will decrease by four percent this year, which is significantly worse than the 1.5 percent decline it had anticipated. More