Moody’s changed the Outlook on government bonds of the Russian Federation from “negative” to “stable”


MOSCOW, December 4. International rating Agency Moody’s on Thursday changed the Outlook government bonds from “negative” to “stable”. In a statement the Agency reported that the rating of the bonds remains at the current level of “Ba1”.

According to “Moody’s”, the Outlook change is due to the stabilization of external Finance of the Russian Federation, which occurred as a result of macroeconomic adjustments that helped soften the impact of declining oil prices. In addition, the change in Outlook was influenced by such factors as the decreased likelihood of intense “shock”, for example, from additional international sanctions that can be faced in Economics and Finance in the next 12-18 months.

“Given the reduction of tensions in the situation in the East of Ukraine, decreased the likelihood of further sanctions … At the same time, we do not expect that existing sanctions will be lifted until such time as the parties to the conflict will not be ready to demonstrate full readiness to comply with the terms of the Minsk agreements”, – said in a statement.

Potential growth rates of Russia’s economy the Agency is estimated at 1-5%. Among the factors that slow the rate of growth of the Russian economy, low oil prices and lack of investment.