Anton Siluanov hopes to improve sovereign ratings of Russia in 2018

Finance Minister of the Russian Federation Anton Siluanov hopes that stability in the Russian economy will allow international rating agencies to 2018 to improve not only the forecasts, but also the ratings of the Russian Federation.

«In just one year, the Moody’s forecast on Russia’s rating has risen from «negative» to «positive.» Today all companies «the big three» United in a positive Outlook on our country. Hopefully, macroeconomic stability prevailing in the Russian economy thanks to a restrained fiscal policy, a floating exchange rate and inflation targeting, will allow rating agencies this year to improve not only the forecasts, but also the ratings of Russia. All the necessary conditions came together,» he told reporters.

According to Siluanov, it is encouraging that Moody’s notes that the fiscal rule as one of the main drivers of improved prognosis, the most important structural reforms that significantly reduced the sensitivity of the Russian economy to external shocks.

«The rule also provides transparency and predictability of key macroeconomic indicators, forms the unique basic conditions required for a quality development,» he said.

International rating Agency Moody’s on Friday raised the Outlook of Russia’s sovereign rating to positive from stable, affirming it on the level «Ba1». The Agency noted the decline of the country’s vulnerability to geopolitics, but also to lower oil prices.