The Ministry of Finance: ratings of the Russian Federation stable due to effective economic policy

The Ministry of Finance: ratings of the Russian Federation stable due to effective economic policy


Russia’s sovereign rating in foreign currency remains at the level “BB+” with negative Outlook. Anton Siluanov noted that the measures of fiscal and monetary policies helped maintain financial and macroeconomic stability.

MOSCOW, 17 Oct. The Russian Finance Minister Anton Siluanov believes that the conservation agencies sovereign ratings of the Russian Federation in the current environment is recognition of the effectiveness of economic policy of the country.

On Friday S&P affirmed the sovereign rating of Russia in foreign currency at “BB+” (below the investment) with a negative Outlook. This forecast reflects the Agency’s view that the financial condition of the buffers in the course of the year may decline faster than currently planned.

“I think the sovereign ratings of Russia in the current challenging environment of decreasing oil prices and downgrades of other developing countries in recognition of the effectiveness of our economic policy,” Siluanov said.

He noted that adopted in the current year measures of fiscal and monetary policies helped maintain financial and macroeconomic stability and to adjust the economy to new external conditions.