The international rating agency Standard & Poor confirmed the long-term investment-grade credit rating for Russia in foreign currency as BBB- with a negative outlook, while the rating outlook remains "negative", informed the Agency on October 24.
At the same time, the short-term credit rating in foreign currency was confirmed at A-3. In addition, the long-term credit rating in national currency totaled BBB, and the short-term credit rating - A-2. The national scale rating reached ruAAA.
According to the Agency experts, confirmation of the Russian rating reflects the S&P expectations that the foreign position of Russia will remain strong, and the level of public debt will remain subdued in 2014-2017 period.
S&P expects that in 2014-2017 the annual economic growth in Russia will total 1%. At the same time, the real GDP growth per capita will total 1%, but the RUR devaluation will keep down the indicator growth.
