Russia could see a significant inflow of investments in just a few months because of the raise in its sovereign rating to the investment level. Moody's upgraded Russia's sovereign rating on Wednesday (8 October) to Baa3 from Ba2, skipping one level.
This is a very surprising decision, as even inveterate optimists expected that Russia's rating would be upgraded to the investment level no sooner than in a year. Russia has never had such a rating. Bearing in mind that it was assigned before the elections, this means that Russia's solvency does not depend on the political cycle and Russia is being considered a developed country.
An investment rating presumes more trust on the part of investors, and Russia is formally becoming a realistic candidate for drawing funds from the most conservative institutional investors, namely pension funds.
Source: Interfax