OREANDA-NEWS. Moody's, an international rating agency, predicts stable conditions in the credit market for non-financial sector companies in the CIS countries, including Russia, in 2020, according to a review by Non-financial corporates - CIS 2020 Outlook. Last year, Moody's also predicted stable conditions for this sector in Russia.

The material stable forecast for Russia is explained, on the one hand, by low GDP growth, favorable commodity prices on world markets, low inflation and lower refinancing rates, and on the other hand, low growth potential, insufficient investment, weak domestic demand and a decrease in real disposable income.

Analysts expect that the government’s increase in financing for development projects will support domestic demand in the Russian Federation and GDP growth, the authors of the material also indicate a decrease in the risk of sanctions against Russia. The main risks for Russian non-financial companies are the expansion of international sanctions, unstable commodity prices amid a slowdown in global economic growth, trade wars and geopolitical instability.