International Agency Fitch on Friday, October 14, improved the Outlook for long-term sovereign rating of Russia from “negative” to “stable”, follows from a press release of the company. The current rating is confirmed at the last stage of investment level “BBB-“.

As reported “Interfax”in the Ministry of Finance of the Russian Federation were unhappy with this decision of the rating Agency. “Less than a month already the second Agency of the big three made the decision on increase of the forecast of the Russian rating,” – said the head of Department Anton Siluanov.

In the comments to its decision, Fitch added that the actions of the Russian government and the Central Bank of the Russian Federation on the background of lower oil prices, more effective measures taken in this situation, other countries-oil producers.

Note that in the past month, the S&P for the first time in several years made a positive effect on Russia’s credit rating, changing the Outlook thereon to stable.

At the same time Russia’s rating by S&P remains outside the investment category. Trash Russia’s rating received from Moody’s.

In April of this year, Fitch Ratings confirmed the investment rating of Russia at BBB-, but made a negative forecast. Of the positive qualities of the Russian economy, analysts have noted the strong external position and sovereign balance and low financing needs against the background of specific raw material, the low growth potential and geopolitical tensions.

The main risks, Fitch has seen a drop in oil prices and increased demand for foreign currency.

The Agency in their forecasts came from the fact that sanctions against Russia will continue. The experts stressed that the Outlook may be revised to ‘stable’ in case of reduction of costs and implement a strong fiscal program, and if Russia can avoid further depletion of international reserves.

Fitch changed the Outlook on the credit rating of Russia to “stable” 15.10.2016

Share this news

Share to Google Plus
Share to LiveJournal