the International rating Agency Fitch Ratings affirmed long-term Issuer default rating (IDR) of the Russian Federation in national and foreign currencies, leaving them at the last stage of investment level “BBB-”.
the rating Outlook changed from “negative to “stable”, including through a flexible exchange rate and government support to the financial sector..
the Decision commented in the government. The Ministry of Finance satisfied, told reporters Finance Minister Anton Siluanov. “We welcome the decision of Fitch <…>. Less than a month already the second Agency of the “big three” made a decision on increase of the forecast of the Russian rating”, — quotes its TASS.
According to Siluanov, in the comments, Fitch emphasizes that the actions of the government and the Bank of Russia on normalization of the economic situation in response to the decline in oil prices stand out for their efficiency against the measures taken in this situation, other countries-oil producers.
Earlier the Central Bank predicted that Fitch would take a positive for Russia, the decision in the revision of the sovereign rating.
In September, another international rating Agency Standard & Poor’s (S&P) said he believes it is unlikely the increase in the sovereign rating of Russia in the next 5 months. At the same time S&P affirmed the long-term sovereign rating at “BB+” and improved its Outlook to “stable” from “negative”.
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