S&P confirmed the credit rating of Russia to “BB+” with negative Outlook

LONDON, October 16. International rating Agency Standard & Poor’s confirmed long-term credit rating of Russia in foreign currency at “BB+” with negative Outlook. This is stated in the message of Agency.

In addition, the short-term rating of Russia in foreign currency is affirmed at level “B” and the long-term and short-term ratings in national currency are confirmed at the investment level “BBB-/A-3”.

According to S&P, a rating of Russia maintains a low level of debt. In this case the Agency experts predict that in 2015-2018 Russia will maintain a moderate level of public debt.

At the same time, pressure on the rating of the Russian Federation have relatively weak prospects of growth of incomes of the population and economic growth, which, according to S&P will affect the competitiveness and business climate.

According to the forecast of S&P, inflation in Russia by the end of 2015 will amount to 15% and the budget deficit would be at 4.4%.