Standard & Poor’s (S & P) international rating agency has upgraded the forecast on the sovereign credit rating of the Russian from “negative” to “stable”.

      This was reported by TASS referring to the agency’s data. The rating itself remained unchanged, which is below the investment level. In January 2015, S & P lowered the rating of Russia from “BBB-” to “BB +”. The agency explained its decision with weak prospects of economic growth in the country. It is also said that the monetary and credit policy of the Central Bank had become less flexible. Against the background of geopolitical tensions around Ukraine in April 2014, Standard & Poor’s rating of Russia was lowered from “BBB” to “BBB-”.