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Fitch assigns Russia a “stable” credit rating

For anybody not a secret that Russian economy is growing, after emerging in 2015, the decline caused by the artificially created external shocks. In this regard, in the last month was the second international rating Agency from “the big three” have decided to increase our sovereign credit rating.

 

Today it became known that the international rating Agency Fitch issued a decision to raise the sovereign credit rating of the Russian Federation from “negative” to “stable”. Thus, at the moment, according to figures released by the Agency, the ranking is fixed at the level of BBB-.

 

Experts and analysts Fitch, commenting on the reasons for this decision, stated that the Russian government over the past six years pursued a “consistent and robust policy” in the issues related to the state’s response to the sharp drop in oil prices and the imposition of economic sanctions against it.

 

Moreover, the Agency noted that during the above period there has been a very effective policy of the Central Bank, the priorities of which were hard to fight inflation and support the financial sector.

 

It is worth noting that in the midst of the so-called sanctions standoff (2015 – beginning of 2016) all three agencies, which are usually attributed to the “big three”, were repeatedly observed in a biased assessment of the General situation in the Russian economy and tendencies of its development.

 

Given this, it is necessary to understand how actually it got stronger Russian economy, and what prospects await us in the future, if only for the last two months from three agencies of the Troika were forced to raise the ratings of Russia….

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