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. Last Updated: 07/27/2016

Moody's Visits Russia

n MOSCOW -- A group of experts from the Moody's international rating agency has begun work in Moscow, a source in the Russian Finance Ministry said Tuesday.

The agency experts and senior officials in the Finance Ministry are currently holding intensive talks, the source said. Preliminary results of the visit will be made known next week.

An expert group from another rating agency -- Standard & Poor's -- will begin working in Moscow later, the source said.

Experts from the IBCA rating agency completed their work in Russia last week.

Early reports say the experts expressed satisfaction with the structural reform in the Russian economy and positive changes in industrial production.

However, the experts said that an increase in Russia's credit rating would depend on an improvement in tax collection.