The Ministry of Finance of Russia is counting on a sovereign upgrade of Russia by international rating agencies. About it informs TASS.
“All companies “the big three” (international rating agencies Moody’s, s&P, Fitch – approx. ed.) common in a positive Outlook on our country. Hopefully, macroeconomic stability prevailing in the Russian economy thanks to a restrained fiscal policy, a floating exchange rate and inflation targeting, will allow rating agencies this year to improve not only the forecasts, but also the ratings of Russia. All the necessary conditions for this were,” said Russian Finance Minister Anton Siluanov.
International rating Agency Moody’s improved the Outlook on the sovereign rating of Russia from “Stable” to “Positive”, confirming it at the level of Ba1. “It is encouraging that the Agency’s fiscal rule as one of the main drivers of improved prognosis, the most important structural reforms that significantly reduced the sensitivity of the Russian economy to external shocks,” – said the Minister.
He also stressed that the budget rule also provides transparency and predictability of key macroeconomic indicators and forms the basic conditions for high-quality development.