Fitch agency has kept Russia’s rating to the investment level, thanks to the achievements of Moscow in the field of macroeconomic policy, Finance Minister Anton Siluanov said.
«Achievements in the field of macroeconomic policy (adaptation of the balance of payments, the stabilization of the economic dynamics, a sharp slowdown in inflation ) and constant communication with rating agencies has helped to keep Russia an investment grade rating, “- he said Siluanov reporters (according to” Interfax quoted »)
a further object he called providing structural changes in the economy, in the preparation of the budget for the next three years.. These changes should help to “accelerate economic growth, including through the provision of gradual fiscal consolidation, reducing the budget deficit, as well as the adoption of a new fiscal rule”, the minister added.
Fitch today confirmed the investment rating of Russia at BBB- level with a negative outlook. Analysts noted the weakening of external risks in the last year. Negative factors for the agency called the change of the foreign trade balance, which takes into account a decline in imports by 35% in 2015, the real exchange rate depreciation of the ruble, and low oil prices. At the same time Fitch is the last of the three major rating agencies, which retains the sovereign credit rating of Russia to investment grade BBB-.
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