"The government approved the state debt policy for the next three years on Thursday, with a plan to increase the size of the state debt to 12 trillion rubles ($400 billion) by 2014 and work toward improving the country's credit rating.
The current debt stands at 4.6 trillion rubles.
The policy drafted by the Finance Ministry earlier this week, was discussed at a Presidium meeting chaired by Prime MinisterVladimir Putin.
According to the document, the government will seek to maintain "the high level of Russia's credit ratings" and create "a base for increasing the ratings to A."
The policy document states that the country, which is rated BBB with a stable outlook by Standard & Poor's, BBB with a positive outlook by Fitch, and Baa1 with a stable outlook by Moody's, is "clearly underrated," because it has a low level of state debt compared with most developed and developing countries".............READ MORE
No comments:
Post a Comment