Fitch and S&P will report on the outcome of the planned revision of the rating of Russia on October 16. Member of the management Board of Gazprombank Ekaterina Trofimova said that the situation in the country has stabilized and the volatility even better than expected rating agencies.
MOSCOW, 14 Oct. Prerequisites for the reduction of sovereign rating of Russia the international rating agencies Fitch and S&P currently there, the economic situation has stabilised, said the first Vice-President, member of the management Board of Gazprombank Ekaterina Trofimova, who leads the group on creation of national rating Agency.
On Friday, Fitch and S&P will report on the outcome of the planned revision of the rating of the Russian Federation. At the present time of the “big three” rating agencies, only Fitch assesses the rating of the Russian Federation as an investment.
“I believe that the prerequisites for reducing the sovereign ratings of no, the overall situation has stabilized, the volatility remains, but within and even better than the previous expectations and forecasts of rating agencies,” Trofimova said on the sidelines of the forum VTB Capital “Russia calling!”.
“However, the General news background, particularly in the Western media space remains very negative, which is bound to exert pressure on individual members of rating committees,” she continued.
Despite this, Trophimus expressed confidence that the “big three” will remain committed to the highest principles of professionalism and will evaluate the situation in Russia from the point of view of credit analysis, and market sentiment.
“Fundamentals indicate the absence of prerequisites for possible rating cuts. I also do not expect a quick positive rating actions are likely, “the big three” will continue to wait,” she said.
