The Chairman of the budget Committee of the Federation Council Nikolay Zhuravlev said that given the peak of the crisis, the forecast Standard & Poor’s rating of Russia would be stable.
MOSCOW, 17 Oct. Negative investment rating of Russia, which the international rating Agency Standard & Poor’s, lowered and unjust, says Deputy Chairman of the budget Committee of the Federation Council Nikolay Zhuravlev.
S&P on Friday it maintained its long-term sovereign rating of Russia in foreign currency at the speculative level “BB+” with a negative Outlook. According to him, the economy will grow by 0.4% annually in 2015-2018, below the average 2.4% over the previous four years.
“The investment rating of the Russian Federation, which said the Agency underestimated, and prognosis (development of economy of the Russian Federation) is unfair,” said Zhuravlev on Saturday.
“But you remember, in any political circumstances, the decision to downgrade (our) country. Obviously, the main criterion was the policy”, — said the Senator.
And if so, perhaps this decision is due to her, he said. “While it is clear that with the passage of the peak of the crisis, the Outlook could be stable,” — says Zhuravlev.