ACRA agency assigned Russia rating at “A-“

The ACRA news agency reported that Russia has been given an "A-" rating with a stable outlook. Experts of the agency noted that the factors supporting the rating of the country were the low level of the national debt, as well as effective coordination of monetary and fiscal policy, which ensures stability in the economy. Pressure on Russia's rating is exerted by weak growth of gross domestic product and insufficient diversification of export supplies. Sanctions are also a negative factor for the country's rating. They severely limit investment opportunities and economic cooperation with other countries. The ACRA agency notes that the Russian economy is showing resilience to external shocks, thanks to the government's extensive monetary and fiscal policy capabilities. According to the agency's experts, Russia's national debt will not exceed 4% of GDP in the next two years. And this will not violate the established budget rule.