The country rating of Russia, which reflects the likelihood of non-payments and bankruptcies in the corporate sector, has been raised from C (high risk) to B (significant risk), follows from the report of the international company Coface (specializing in foreign trade insurance) “Country and Industry Risk Barometer”. The main reasons for the upward revision are a more dynamic than expected economic recovery, as well as the rise in commodity prices on international markets, the report says.
Russia has become one of 11 countries and the only European state whose rating has been improved. The USA, Saudi Arabia, Republic of Congo, Mexico, Guinea, Ecuador, Canada, Botswana, Azerbaijan and Australia were also awarded higher marks. The revision for all countries, except for the United States, is also associated with the improvement of the conjuncture on the commodity markets. Countries such as Serbia, Croatia, Greece, and Kazakhstan have similar assessments to Russia (B, significant risk). In total, business risks were analyzed in 160 countries, and estimates were not worsened in any country, despite accelerating inflation and possible lockdowns in some large economies.
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