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MOSCOW, March 18. /TASS/. International rating agency Standard & Poor's has confirmed Russia’s long term sovereign credit rating in foreign currency at "BB+" with negative outlook, the agency said in a statement.
The long terms rating in national currency has been confirmed at "BBB-".
The agency also confirmed Russia’s short-term rating in foreign currency at "B" and in national currency at "A-3".
In its forecast, the agency expects Russian GDP to decline by 1.4% in 2016.
At the same time a certain growth of the Russian economy is forecast as early as 2017.
According to analysts of the agency, real GDP growth in Russia in 2016-2019 will average 0.5% per year.
On February 17, Standard & Poor's confirmed the rating of Russia at the current level.