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Business / Finance

Moody's raised Russia's rating from Ba1 to Baa3 to investment grade

Club traders sMart-Lab. We make money on the exchange. 08.02.2019 at 22:21

Club traders sMart-Lab. We make money on the exchange. / RSS channel

Moody's raised Russia's sovereign rating from Ba1 to Baa3. Outlook revised from "positive" to "stable". Increased short-term ratings to Not Prime (NP) to Prime-3 (P-3).

"the Rise of Russia's ratings reflects the positive impact of the policy,

carried out in recent years to strengthen the already sustainable public finances and external indicators, as well as reducing the country's vulnerability from external shocks, including new sanctions," — said the Agency.

Now, Russia has an investment rating from all three leading international rating agencies.