21 Aug 2018, Gergana Bencheva, EMIS Editor
Fitch confirms Russia’s “BBB-“ rating with positive outlook
The credit agency praised the Russian government’s policies related to inflation targeting as well as its flexible exchange rate and fiscal prudence. Yet, it expects Moscow’s economy growth to remain below 2% in the next three years despite the government’s target of 3.0-3.2%.
In Fitch’s opinion, Russia’s strong external and fiscal balance sheets and credible macroeconomic policies balance its weaker growth prospects and dependence on oil, CEEMarketWatch noted.
Sign in and read the full article in emis.com, or find out more about EMIS. Original source: CEEMarketWatch - Daily News