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Investment Fund Head: Russian Credit Rating May Be Upgraded as Ties With US Thaw

© Sputnik / Alexey Kudenko / Go to the mediabankCredit rating agency Standard & Poor's (S&P) has announced it could downgrade Russia's sovereign debt status
Credit rating agency Standard & Poor's (S&P) has announced it could downgrade Russia's sovereign debt status - Sputnik International
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Rising oil prices and the expected thaw in US-Russian relations following US President-elect Donald Trump assuming office may lead to international ratings agencies increasing their credit ratings for Russia, Russian Direct Investment Fund (RDIF) CEO Kirill Dmitriev told Sputnik on Tuesday.

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MOSCOW (Sputnik) — Additional factors buoying Russia's credit rating could also be low inflation and an expected turnaround of the country's economy in 2017, he added.

"I think that given the expected thaw in Russian-US relations after Donald Trump's inauguration and increasing oil prices, there is reason to expect Russia's sovereign rating to be increasing by international agencies. Agencies undoubtedly take their own decisions, they have their own reasons and views, which are sometimes unclear to the markets," Dmitriev said in an interview on the sidelines of the World Economic Forum Annual Meeting in Davos.

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