Cbank says RussiaТs rating upgrade by S&P not to influence market - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Cbank says RussiaТs rating upgrade by S&P not to influence market

MOSCOW, Mar 15 (PRIME) -- The recent upgrade of RussiaТs ratings by global rating agency S&P will not influence the domestic market significantly in the long term, the central bank said in a research note on Thursday.

УS&PТs decision to revise RussiaТs sovereign credit rating up to the investment grade has led to a short-term advance in quotations of local financial assets, which was soon offset by a fall in crude prices,Ф the statement read.

УIn the long-term the decision will not influence the Russian market much as it was in line with expectations.Ф

In February, the agency raised RussiaТs long-term and short-term sovereign credit rating to investment grade BBB- from a speculative BB+.

The central bank also said that the rubleТs volatility increased in February due to rising volatility on global markets and decreasing oil prices, which resulted in lower attractiveness of carry trade deals.


15.03.2018 16:52
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 72.0882 -0.0229 27 apr
USD 64.7053 +0.0259 27 apr
Stock Market Indices
1D 1W 1M 1Y
rtsi 1247.01 +0.08 18:50 26 apr
micex 2556.73 -0.16 18:26 26 apr
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 159.93 +0.39 18:26 26 apr
lkoh 5586.50 -1.10 18:26 26 apr
rosn 433.15 -0.65 18:26 26 apr
sber 222.47 -2.34 18:26 26 apr
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 72.1300 +0.3300 14:59 26 apr
USDTD 64.7075 -0.0625 17:44 26 apr