S&P: New US sanctions not to hurt Russia’s BBB- rating

MOSCOW, Aug 5 (PRIME) -- The new sanctions that Washington slapped on Russia over the Skripal case will not have an impact on the country’s sovereign credit rating of BBB-, international rating agency S&P Global Ratings (S&P) said in a research note on Tuesday.

Still, there are risks that the sanctions will be toughened, analysts of S&P said.

The new sanctions, announced by the U.S. government on August 2, include a ban for U.S. banks to buy new non-ruble sovereign Russian debt, and a request to the World Bank and the International Monetary Fund not to provide loans to Moscow. The sanctions, which will come in force from August 26, also include additional restrictions for exports of some U.S. goods to Russia.

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