MOSCOW (Sputnik) — The decision by ratings agencies to preserve its outlook on Russia’s currency sovereign ratings in the current challenging economic situation proved the efficiency of Russian economic policy, Russian Finance Minister Anton Siluanov said on Saturday.
On Friday, the US Standard & Poor's ratings agency affirmed its 'BB+/B' long- and short-term foreign currency sovereign credit ratings and its 'BBB-/A-3' long- and short-term local currency sovereign credit ratings on Russia.
"I consider maintaining Russia's sovereign ratings in the current challenging environment of falling oil prices and declining ratings of other developing countries to be a recognition of our economic policy’s efficiency," Siluanov said.
