S&P affirms Russia’s rating at BBB-, outlook Stable

MOSCOW, Mar 27 (PRIME) -- International rating agency S&P Global Ratings has affirmed Russia’s rating at the investment level of BBB- with a Stable outlook, the agency said in a statement on Friday.

The credit rating on liabilities in the local currency is BBB/A-2 and in the foreign currency it is BBB-/A-3, the agency said.

A strong balance of assets and liabilities and a tough tax policy would allow the Russian economy to cushion the impact of low oil prices, the agency said.

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