International rating Agency Fitch Ratings improved the Outlook on the sovereign credit rating of Russia to “stable” from “negative”. Rating was confirmed at the last stage of investment level BBB-. It is reported TASS with reference to data of the Agency.
“Russia was a dependable and consistent policy response to the sharp drop in oil prices”, — experts of the Agency.
It is also noted flexible exchange rate and financial sector support.
Russia’s Finance Minister Anton Siluanov expressed his satisfaction with the increase in the forecast. “We welcome the decision of Fitch to improve the Outlook on the sovereign credit rating of Russia from “negative” to “stable”. Less than a month already the second Agency of the “big three” made a decision on increase of the forecast of the Russian rating,” he said.
On 15 April, Fitch affirmed long-term Issuer default rating of Russia in national and foreign currencies. Then it was noted that external risks for the country has decreased. Decreased, in particular, fear the sharp spending of international reserves in terms of capital outflows and the need for debt repayment.
Currently, the ratings of Russia from the other two international agencies exhibited a level below investment grade from Moody’s Ba1 and S&P — BB+.
