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Moody's raised Russia's rating

October 26 2005
11:20

Rating upgrade was on its foreign and local currency ratings by one notch - to "Baa2" from "Baa3".

Estimated to Moody's, the total foreign debt to Russia will be reduced by the end of 2005 to 29,7% of GDP.

According to analysts of the agency, within the next five years, Russia should have no difficulties in the timely payment of debts, Pravda.ru reported.

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