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Fitch affirms Sukhoi
Fitch Ratings said it affirmed Sukhoi Civil Aircraft JSC's long-term issuer default ratings at BB.
The outlook is stable.
The ratings are driven by its strong links to its ultimate majority shareholder, the Russian government, Fitch said.
The stable outlook reflects Russia's stable outlook, the agency said.
Other factors influencing the company's ratings include the likely continued strong local demand for the company's product, the presence of French-based engine manufacturer Snecma as a risk-sharing partner on the Sukhoi Super Jet 100 program and the positive free cash flow generation capabilities of the program beyond 2014, Fitch said.
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