The international rating agency Fitch confirmed the long-term sovereign rating of the Issuer's default (IDR) in foreign and national currencies at the level of "B-" with a stable outlook. This was reported by the press service of the agency.
"We forecast that GDP growth in 2017 will slow down to 2%, and in 2018 - will accelerate to 3%," the report said..
Short-term foreign and local currency IDRs affirmed at 'B'. The country ceiling was affirmed at 'B-', and short-term foreign and local currency IDRs at 'B'.
"Improving export prices for commodities and increasing exports of agricultural products should mitigate the increase in the trade balance deficit," the agency said in its forecast for 2017-2018,.