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Russian Federation (The) Dec 05 Product Image

Russian Federation (The) Dec 05

  • Published: December 2005
  • Standard & Poors

Abstract
The government's growing net external creditor position, which is expected to strengthen further in 2006-2008; The government's strong ability to service its debt over the medium term, despite high and possibly growing political uncertainties; and Strong liquidity ratios, despite a significant increase in private sector external borrowing. Political, legal, and economic institutions remain weak; A powerful and unreformed bureaucracy creates a serious barrier to the effective implementation of reform; and Economy is vulnerable to shocks given its high dependence upon the natural resources sector. The ratings on the Russian Federation reflect the government's improving financial strength, the result of recent extraordinary high oil prices and a successful debt-management strategy. Significant policy and institutional risk that continue to be key constraints...

Companies mentioned in this report are: Russian Federation,JSC VTB Bank,SME Bank,Vnesheconombank
Action: Review

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Russian Federation,JSC VTB Bank,SME Bank,Vnesheconombank

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