The Ministry of Finance of Russia has positively assessed the confirmation of the country’s sovereign credit rating from the agency Fitch Ratings with an indicator at the level of BBB. This was announced on Saturday, December 4, by the head of the department, Anton Siluanov.
According to him, this decision of the agency is due to a number of factors: the lowest level of public debt in relation to GDP in a group of countries with a comparable rating level, an increase in the level of fiscal reserves and a reliable macroeconomic structure built by the government of the Russian Federation and the Bank of Russia.
“The combination of these factors is a guarantee of the stability of the Russian economy in the face of potential external shocks,” – quotes the message of the Russian minister TASS.
Earlier that day, Fitch Ratings affirmed Russia’s ‘BBB’ credit rating with a stable outlook.
On September 23, Fitch raised the forecast for Russian GDP growth in 2021 by 0.6 percentage points (pp) compared to the June forecast (3.7%), to 4.3%. Fitch kept its expectations for Russia’s GDP growth in 2022 at 2.7% and 2% in 2023.
Source: IZ
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
