Standard & Poor’s Ratings Services, S&P, has revised it previous rating on the Russia economy from ‘stable’ to ‘positive’ according to The Moscow Times.
Key drivers of the rating increase include the benefits of Russia’s crude oil and natural gas, a budget surplus of 5.5 of GDP, and gold reserves of up to $490 billion, etc.
Nonetheless, S&P pointed to Russia’s banking system and the real Russia economy as key risk factors that will inhibit the country form moving higher in rating.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.