According to S&P, the capital's reserves consist of its own funds and funds of Moscow budgetary institutions.
The agency said it expects "the city will completely exhaust its own reserves this year."
“At the same time, the cash of budgetary institutions will remain as a liquidity buffer,” S&P said.
It is noted that the liquidity situation will remain comfortable for at least the next year, since Moscow will be able to use the cash cushion of its SUEs and institutions to cover the potential deficit.
Also, Moscow's long-term credit level was confirmed at BBB- with a stable outlook.
Earlier, S&P affirmed Russia's foreign currency rating at BBB- with a stable outlook.
Economist Mikhail Belyaev, in an interview with FBA "Economics Segodnya", expressed the opinion that the sanctions do not affect the economic development of Russia.