Finance Minister Anton Siluanov said that the decision of the international rating agency S&P speaks of the correctness of the economic policy pursued by the government. S&P affirmed Russia’s long-term foreign currency rating at BBB- / A-3 with a stable outlook and revised its forecast for Russia’s GDP growth from 3.3% to 3.7%.
“The decision of S&P Global Ratings to confirm Russia’s long-term foreign currency credit rating at BBB- with a stable outlook is considered by us as another confirmation of the correctness of the government’s economic policy,” Mr. Siluanov told reporters (quoted from Prime).
He noted that, according to S&P analysts, the state of the country’s balance of payments, balanced budget planning and the current floating exchange rate regime provide sufficient resilience of the Russian economy to potential external shocks.
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