S&P improved its Outlook on the credit rating of Russia

Photo: Denis Sinyakov / Reuters

The international rating Agency S&P improved the Outlook of the sovereign credit rating of Russia from “stable” to “positive”. In mid-February its Outlook on the credit rating of Russia has improved other Agency — Moody’s

International rating Agency Standard & Poor’s changed the Outlook on the sovereign credit rating of Russia from “stable” to “positive”. This is stated in the message Agency. The country’s rating remained at BB+, which in the rating system of S&P is considered non-investment (or “junk”).

In September 2016 S&P has improved rating Outlook of Russia from “negative” to “stable”. Then it was the first since 2010, a positive rating of Russia’s sovereign rating by international rating agencies. As noted by the Minister of Finance Anton Siluanov, the Agency’s decision reflects “the objective process of completing the adaptation of Russian economy to changing external conditions”. Thereafter, similar steps to improve the Outlook on the rating of Russia has launched two other international rating agencies — Fitch and Moody’s (both Agency improved the Outlook from “negative” to “stable”). In this case, and S&P and Moody’s assess the credit rating of Russia to non-investment level. Only the Fitch Agency puts Russian sovereign rating at BBB- (one notch above junk).
  

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