The Ministry of Finance: the budget imbalances – one of the risks for the rating

The Ministry of Finance: the budget imbalances – one of the risks for the rating


Compared with the beginning of the year assessments have become calmer, less drama, said the Russian Finance Minister Anton Siluanov.

MOSCOW, 17 Oct. The Minister of Finance of Russia Anton Siluanov declared that a continuing fiscal imbalances at current levels is one of the key risks for the sovereign rating of Russia.

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

“It is possible to note the changing moods of the agencies compared with the period of the beginning of the year: we are calmer, less drama. However, it is noted that one of the key risks to our rating today is the continuing fiscal imbalances at current levels”, — said Siluanov.