Standard & Poor’s upgrades outlook on Russia`s credit rating to stable.
The rating agency Standard & Poor’s raised its outlook on the credit rating of Russia from ‘negative’ to ‘stable’ precipitated by the government’s measures to minimise external risks and to undertake the necessary adjustments to the Russian economy.
In addition, S&P affirmed Russia’s foreign currency sovereign credit rating at ‘BB+’ and local currency rating at ‘BBB-’ and left Russia’s short-term rating in foreign currency at "B" and in national currency at "A-3" unchanged.
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Yuliya Shibukova
Relationship Manager, Global Securities Services Russia