Fitch Ratings has upgraded Russia-based PAO Sovcomflot’s (SCF) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BBB-‘ from ‘BB+’. The Outlook is Stable. Fitch has also upgraded the SCF Capital Designated Activity Company’s senior unsecured notes, which SCF guarantees, to ‘BBB-‘ from ‘BB+’. The upgrade reflects the reassessment of SCF’s Standalone Credit Profile (SCP) to ‘bb+’ .