S&P affirms Russia rating at investment level BBB-, outlook Stable

MOSCOW, Jan 18 (PRIME) -- International rating agency S&P Global Ratings (S&P) has affirmed Russia’s long-term rating in foreign currency at an investment level of BBB-, the agency said in a statement on January 16.

The rating the in national currency was affirmed at BBB/A-2. The outlook for both ratings is Stable.

Russian Finance Minister Anton Siluanov said that the decision to retain the long-term credit rating at BBB- can be seen as confirmation of effectiveness of the government measures to soften the 2020 crisis.

"This is particularly important in a situation when more than half of the countries in the world faced a downgrade last year or a change of the outlook to Negative by at least one of the big three agencies," Siluanov said.

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