Moody's decided to improve the forecast for Russian ratings
Now Moody's has upgraded its long-term rating from “stable” to “positive”. In the rating classification of this agency - option Ba1.
The press release says that this decision was made in relation to Russia due to a number of factors. From Moody's press release:
It was noted that, against this background, Russia's vulnerability to external negative factors such as geopolitical tensions or new possible drops in oil prices has decreased.
Earlier, the Ministry of Economic Development of Russia noted that with the current oil prices, the Russian economy will probably add 1,5% by the end of the year. This is below the global average economic growth, which is now approximately 2,2-2,3%.
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