ACRA assigns Russia with A- rating, outlook stable

MOSCOW, Sep 23 (PRIME) -- The Analytical Credit Rating Agency (ACRA) has assigned Russia with A- long-term credit ratings both in foreign and national currencies, with a stable outlook, the agency said on Monday.

Short-term credit ratings in foreign and national currencies were assigned at S1, with a stable outlook.

“Russia’s sovereign credit rating of A- is supported by a low level of the country’s state debt and its stable structure, stable foreign position, as well as effective monetary policy and its coordination with fiscal policy that significantly improve macroeconomic stability,” ACRA said.

ACRA also named “a low potential of economic growth, limited diversification of exports, a lack of transparency of the Russian government’s obligations to a number of public sector companies, weak institutions, as well as a threat of introduction of sanctions limiting a flow of investments, technological cooperation and trade with potential foreign partners” as factors that put pressure on the country’s credit rating.

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