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

MOSCOW, Jul 22 (PRIME) -- International rating agency S&P Global Ratings (S&P) has affirmed Russia’s rating at BBB-, with a stable outlook, the agency said on July 20.

Russia’s commitment to a conservative macroeconomic policy, low government debt and flexible monetary policy have a positive effect on Russia’s rating, S&P said. The structural weaknesses of the Russian economy, geopolitical tensions and international sanctions are negative factors for the rating.

The Finance Ministry said that S&P analysts highly appraised the Russian government’s policy by affirming the country’s credit rating at an investment level.

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