S&P affirms Russia’s credit rating at BBB- with stable outlook

MOSCOW, Jan 21 (PRIME) -- International rating agency S&P Global Ratings (S&P) has affirmed Russia's foreign currency long- and short-term sovereign credit ratings at BBB-/A-3 and the local currency long- and short-term sovereign credit ratings at BBB/A-2, the agency said in a statement on January 19.

The outlook is stable.

“Russia's solid external and public balance sheets, coupled with a flexible exchange rate and prudent fiscal framework, should enable its economy to absorb shocks from possible new international sanctions,” the agency said.

“The likelihood of the current U.S. government imposing sanctions on the secondary market for Russian sovereign bonds remains uncertain; we believe such a scenario would be disruptive to financial markets.”

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