The Minister of Finance Anton Siluanov welcomed the decision of the international Moody's Agency that improved its the sovereign credit rating forecast concerning Russia from “negative” to “stable”.
According to the Head of the Ministry of Finance, this step confirms that the Russian economy is stabilizing and is quitting recession. The forecast improvement was made possible due to the active efforts of the Government, as Siluanov believes. The Government has taken measures to reduce the dependence of the Russian economy on oil and gas revenues, he noted.
Moody's is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody's Corporation is the parent company of Moody's Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody's Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management.
Author: Anna Dorozhkina