MOSCOW, June 30 (RIA Novosti) - Russia expects its ratings to improve following pre-term repayment of its outstanding inherited Soviet debt to the Paris Club of creditor nations, a deputy finance minister said Friday.
Russia and the Paris Club Friday signed a multilateral protocol on pre-term payment of Russia's $21.3 billion outstanding debt.
"We expect the world's leading rating agencies to increase our rating given the pre-term repayment," Sergei Storchak said.
The deputy minister said Russia could also expect higher ratings from the Organization for Economic Cooperation and Development, an international organization uniting democratic countries with free market economies.
"A number of creditor nations believe that Russia's fourth risk rating is unjust, so they could support granting Russia a higher rating," Storchak said.
