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S&P affirms Russia's credit rating at BBB-


Standard & Poor's international rating agency affirmed Russia's sovereign credit rating at 'BBB-' with a stable outlook.

“We expect that the new government will maintain continuity in the pursuit of macroeconomic policies and will continue to adhere to a conservative fiscal rule even in the event of increased pressure from spending,” Interfax quoted the rating agency as saying.

Last August, the international rating agency Fitch upgraded the long-term credit rating of Russia in foreign currency at the investment level from “BBB-” to “BBB”.

Source: russiart

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