Nabiullina called the preconditions for possible upgrade the rating of the Russian Federation


MOSCOW, September 15. /TASS/. There are many factors positively characterizing the Russian economy, said the head of the Central Bank Elvira Nabiullina, answering the question TASS about the expectations for the revision of the sovereign rating of Russia by Agency S&P.

“In my opinion, macroeconomic indicators, almost all demonstrate both stability and progress, and the stability of monetary conditions, and fiscal conditions, economic growth rates are encouraging. A lot of objective factors, which, I think, positively characterize our economic situation,” she said.

The head of the Central Bank noted that, despite this, the controller always sticks to pessimistic expectations for the rating actions.

The revision of the sovereign rating of Russia by Agency S&P is expected on September 15. March 17, S&P raised the rating Outlook to “positive”, confirming the long-term credit rating in foreign currency at level “BB+”.

Then S&P explained that the revision of rating Outlook reflects expectations that Russia’s GDP will return to growth trajectory and the Russian economy will continue to adapt to low oil prices, while maintaining a relatively low level of debt in the period from 2017 to 2020.

Interviewed by TASS, the experts expect a rating upgrade from speculative grade “BB+” to investment grade “BBB-“.

Source