The decision by the international rating agency S&P to raise the outlook for Russia's sovereign rating outstripped the expectations of Russia’s Economic Development Ministry, Minister Maxim Oreshkin told reporters.
The Russian Federation is a sovereign and democratic federal state, consisting of 83 sub-federal political units. Russia is the largest country in the world by land mass, covering 17.1 million square kilometres. Russia borders 16 countries and spans nine time zones, extending some 9,000 kilometres from the Baltic Sea in the west to the Pacific Ocean in the east and some 4,000 kilometres from its southern border on the Black and Caspian Seas to its northern limits on the Arctic Ocean.
Russia is rich in natural resources. It is the world’s second-largest producer of natural gas, the world’s leading producer of oil and a significant producer of coal, uranium, nickel, palladium and platinum. As of 1 January 2009, Russia’s A, B and C1 natural gas reserves (which include explored reserves considered to be fully extractable pursuant to the Russian reserves system) were estimated at 47.8 trillion cubic metres.The country also has substantial gold deposits (located mainly in Eastern Siberia and the Russian Far East) as well as significant deposits of zinc, lead, tin, silver, other rare metals and precious and semiprecious stones. Russia is among the world’s leading producers of electricity, steel, fertilisers, cotton textiles and other goods. Forests cover approximately 52% of Russia’s total land area, and Russia’s timber reserves, the largest of any country, are estimated at 83.3 billion cubic metres.
Russia is home to approximately 143 million people, ranks ninth in the world by population and has a population density of approximately 8.3 persons per square kilometre. Roughly 79% of the population lives in European Russia, and approximately the same percentage of Russia’s population lives in cities. Russia’s capital and largest city is Moscow with 11.5 million inhabitants, and 11 other Russian cities have a population of more than one million residents.
|A/Stable||International scale rating (foreign curr.)||09/22/2016|
|A/Stable||International scale rating (local curr.)||09/22/2016|
|4/||Country Risk Classifications||06/24/2016|
|BBB-/||Rating scale of the creditworthiness of sovereign governments (SGC) -National currency||01/20/2017|
|BBB-/||Rating scale of the creditworthiness of sovereign governments (SGC) - Foreign currency||01/20/2017|
|BBB-/||Rating scale of the country credit environment (CCE) rating - National currency||01/20/2017|
|BBB-/||Rating scale of the country credit environment (CCE) rating - Foreign currency||01/20/2017|
|Ba1/Stable||LT- foreign currency||02/17/2017|
|Ba1/Stable||LT- local currency||02/17/2017|
|BB+/Positive||Foreign Currency LT||03/17/2017|
|BBB-/Positive||Local Currency LT||03/17/2017|
|ruAAA/||LT National Scale (Russia)||09/10/2008|
|BBB-/Stable||LT Int. Scale (foreign curr.)||03/31/2017|
|Withdrawn/||National Scale (Russia)||09/02/2011|
|BBB-/Stable||LT Int. Scale (local curr.)||03/31/2017|
|Withdrawn/||Foriegn curr. scale||07/04/2016|
|Withdrawn/||Local curr. scale||07/04/2016|