Head of ACRE: Western capital markets will remain for Russia the major

© RIA Novosti / Natalia to Seliverstova photobacteria in the USA. Archival photoHead of ACRE: Western capital markets will remain for Russia the major© RIA Novosti / Natalia to Seliverstova the image Bank

Western capital markets in the medium term will remain for Russian companies the main, although the trend for borrowing in Asia may strengthen, said in an interview with RIA Novosti Director General of the Analytical credit rating Agency (ACRA) Ekaterina Trofimova.

«Borrowing of Russian companies in the Asian market remain relatively small. The reason is that the Asian debt market is less than Western (for example, five times less than in Europe), and the company facing restrictions in connection with the imposed sanctions, mostly refused from foreign borrowing in favour of domestic» — she said on the eve of the Eastern economic forum, which will be held September 6-7.

ACRE expects that the increase in foreign trade turnover with Asian countries will promote the growth of borrowing by Russian companies in the Asian market. «However, in the medium term among the foreign Western capital markets will still remain for Russian companies the main», — she said.

«Judging by the share holders non-resident investors in the OFZ (more than 30%, most of which from Europe and the United States), sovereign risk is considered acceptable. Issuers of good credit quality, of course, you could count on the fact that their securities will be in demand», — she concluded.

Eastern economic forum will be held in Vladivostok on September 6-7. The forum will bring together more than three and a half thousand guests from different countries.

Read the full interview with Ekaterina Trofimova >>

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