Solid economic and monetary policies push the country into higher territory.

“We expect Russia’s economic recovery to continue through 2021, having exited recession in 2017,” S&P Global Ratings said. Its outlook for Russia is “stable.”

Russia’s sovereign credit has been raised to “BBB-,” an investment grade. Since 2015 the rating had been “BB+,” a speculative category that hindered foreign investment.

Among the “big three” US-based credit rating agencies, only Moody’s continues to hold Russia at the speculative, or “junk,” level. For most investors, especially institutional ones, an investment-grade rating from S&P and Fitch would be sufficient to renew investment in Russia.

Photo: business recorder / Source