S&P affirms Russia’s sovereign rating after the government’s resignation

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International rating Agency Standard&Poors (S&P) affirmed the sovereign credit rating of Russia at “BBB-” with a stable Outlook. It is reported owned by Grigory Berezkin RBC.

“Despite the constitutional changes in Russia, we expect the new government headed by Prime Minister Mikhail Mishustin will maintain the continuity of macroeconomic policy,” said analysts.

The experts also noted the progress of Russia in the “balanced and credible macroeconomic policy, which can be considered one of the strongest among emerging economies”.

S&P expects the pace of GDP growth in Russia in 2020 will increase to 1.8 percent. The reasons for such expectations, analysts called easing of monetary and fiscal policy as well as the low base effect.The Agency says that the Outlook for Russia is still worse than for other sovereign countries with a comparable level of development.

Video, photo All from Russia.

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