© Reuters. S&P affirms Russia’s rating with stable outlook
MOSCOW (Reuters) – S&P International Ratings affirmed Russia’s “BBB-/A-3” credit rating score on Friday, reiterating that the country’s strong community and external harmony sheets are ready to offset potential international sanctions and geopolitical rigidity.
“In the event of refreshing sanctions, we believe the Russian authorities would emphasis on made up of macroeconomic pitfalls and restrict retaliatory motion,” it said.
Russia is rated investment grade by all a few major global rating agencies, which include Moody’s and Fitch, which assisted Moscow this calendar year to borrow cash in world marketplaces by issuing Eurobonds.
Russia, nevertheless, remains susceptible to exterior threats.
Russia’s financial commitment grade credit score ranking would endure some reasonable new U.S. financial sanctions but not types which focused current federal government debt, the country’s most significant banks or crunched energy companies, S&P claimed before this 12 months.
Russia’s ranking agency ACRA experienced warned previously that Moscow could eliminate buyers and experience greater borrowing charges if the United States imposes a ban on obtaining new Russian govt bonds, continuing with a person of a variety of penalties mulled by Washington.
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