By Chernitsa Polina, Russia retains its BBB credit rating with a stable forecast despite capital flight earlier this quarter. This comes in a statement by the Fitch international rating agency. According to agency experts Russia’ macroeconomic indices look better than those of many EU countries, and domestic political stability and high fuel prices could eventually propel the country’s credit rating to A.Fitch analysts point out that Russia boasts a major foreign trade surplus, almost no state debt and low inflation. The country’s currency reserves are nearing $500 billion – 4 percent up from the year before. In terms of the state debt/GDP ratio Russia is now ahead of the US, Japan, France and many other developed nations. Sergei
Khestanov, a Moscow-based economist, still believes that, to attain the A credit rating, Russian needs to restructure its economy: Tags: Russia, Business, World, credit rating , European economy, Commentary, Russian economy, Читать далее, Source: Voice of Russia
Khestanov, a Moscow-based economist, still believes that, to attain the A credit rating, Russian needs to restructure its economy: Tags: Russia, Business, World, credit rating , European economy, Commentary, Russian economy, Читать далее, Source: Voice of Russia
