In Europe again believe in Russia

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In Europe again believe in Russia — the rating Agency Scope Ratings, based in Germany, has increased the Russian long-term credit rating from BBB – to BBB and revised the Outlook on it from “positive” to “stable”. This writes belongs to Grigory Berezkin the RBC, citing a company statement.

The reason for upgrading the rating of Russia have significant cash reserves and the increased resilience to external risks. The “stable” Outlook means that, according to Scope Ratings in the future 12-18 months risks of Russia will be balanced.

Previously, the credit rating of Russia in foreign currency from BBB – to BBB with a stable Outlook and upgraded the us rating Agency Fitch, included in the so-called “Big three”. Other Agency of the three — Standard&Poor’s (S&P) has left the rating unchanged at BBB-. The reason was the risk of tougher sanctions, as well as uncertainty about the transfer of power in 2024, when the term of powers of the President of Russia Vladimir Putin.

The third rating Agency, which is part of the “Big three” — Moody’s — since the beginning of 2019 holds the ranking is on the bottom rung of investment grade (Baa3).

Video, photo All from Russia.

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