S&P affirms Russia’s credit rating at “BB+” with positive Outlook

MOSCOW, September 15. /TASS/. International rating Agency Standard & Poor’s affirmed the sovereign credit rating of Russia to “BB+” level with “positive” Outlook. This is stated in the message Agency.

“The positive Outlook indicates that we could raise our ratings on Russia if the economic recovery will continue and GDP per capita will reach the indicators comparable to countries with similar levels of development”, – said the Agency.

In addition, positive decision on the rating may impact the growth of financial stability, the support of a strong monetary policy and sustainable strengthening of credit activity of the banking system.

As expected, the S&P, Russia’s real GDP will increase by 1.8% in 2017, with average growth of 1.7% in 2017-2020. The dollar / ruble exchange rate, according to Agency forecasts, by the end of 2017 will be at 61 rubles per dollar, and in 2018 will amount to 62 rubles.