Fitch rates Sukhoi BB+

Fitch Ratings said it assigned Sukhoi Civil Aircraft Co. a long-term issuer default rating of BB+, a senior unsecured rating of BB+ and a short-term issuer default rating of B.

Ratings are driven by strong links to its ultimate parent, the Russian government, according to the agency.

Other factors include the likely strong local demand for the company's product driven by the high economic growth in recent years, the presence of Snecma as risk-sharing partner on a program and the long-term positive cash flow generation capabilities of the company's business model, Fitch said.

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