Tsarizm
Column 1 News

Russia Is No Longer Junk


Russia Is No Longer Junk
Image by Hellerick

The Russian Federation’s sovereign debt was upgraded to investment grade on Friday by the rating agency S&P, to BB+, stable outlook.

Funny Russian Central Bank Video: You’ve Never Seen New Bank Notes Promoted Like This…Guaranteed

“Fitch Ratings, which already has an investment-grade score for Russia, on Friday affirmed the rating at BBB- with a stable outlook,” reported Bloomberg.

“The upgrade reflects the track record of prudent policy response that has allowed the Russian economy to adjust to lower commodity prices and international sanctions,” S&P said in the statement.




Russia’s Buying Gold, A Lot Of It

Since the infamous Russian default in the late 1990s, Russia has practiced relatively responsible fiscal policy compared to Western democracies. It is a little know fact in Western capitals that Russia has very little sovereign debt and has made good use of reserve funds built up during the boom oil years, prior to imposition of Western sanctions.



Related articles

Russia Playing Catch Up With SpaceX…But Will It Work?

L Todd Wood

Hungary Tells EU, No More Immigrants, We Are Full

Tsarizm Staff

Poll: More Russians Skeptical About Putin’s Economic Course

Tsarizm Staff

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky