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Moody's affirms positive outlook on Russia

Tue Sep 30, 2008 2:36am EDT

MOSCOW, Sept 30 (Reuters) - Moody's ratings agency affirmed its positive outlook on Russia on Tuesday, saying the country's fundamentals remained strong, reserves were large and government policy was favourable.

Bonds  |  Russia

"The picture going forward is mixed. But at the moment we still have a positive outlook," Jonathan Schiffer, lead analyst for Russia at Moody's Investor Services told a briefing.

"First of all (due to) very, very solid position it is in at the moment and the reserves, their war chest. Secondly, it is a success not only because of oil but because of effective policies." (Reporting by Toni Vorobyova; writing by Melissa Akin, editing by Tanya Mosolova)

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