ZCZC
BCN-19
RUSSIA-GDP-GROWTH
GDP growth will create conditions for further upgrading of Russia’s rating
– RDIF
MOSCOW, February 9. /TASS/. Implementation of national projects, gradual
increase in GDP growth rates and further accumulation of government reserves
will create conditions for upgrading Russia’s rating by global rating
agencies even further, CEO of Russian Direct Investment Fund (RDIF) Kirill
Dmitriev told TASS on Saturday.
“They said the obstacle for upgrading the rating and outlook was low
economic growth rates and importance of implementing structural reforms aimed
at boosting productivity. However, all those measures lie at the basis of
national projects, and RDIF actively contributes to their implementation. I
am confident that gradual increase of GDP growth rates together with
increasing government reserves will create conditions for upgrading the
outlook to positive or further upgrading the rating,” Dmitriev said.
Earlier today global rating agency Moody’s upgraded Russia’s rating to Baa3
with a stable outlook. “The upgrade of Russia’s ratings reflects the positive
impact of policies enacted in recent years to strengthen Russia’s already
robust public finance and external metrics and reduce the country’s
vulnerability to external shocks including fresh sanctions. The stable
outlook reflects evenly balanced upside and downside credit risks,” the
agency said in a report.
BSS/AFP/HR/1455