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S&P affirms Russia at ‘BBB-/A-Three’, outlook steady – Reuters

S&P Rankings has just lately introduced that it affirmed Russia’s score at  ‘BBB-/A-Three’ and mentioned the outlook was ‘steady’.

Key quotes (by way of Reuters)

Chance of present U.S. authorities imposing sanctions on secondary marketplace for Russian sovereign bonds stays unsure. Russia’s steadiness sheets, versatile alternate price, prudent fiscal framework, ought to allow it to soak up shocks from potential new sanctions. Situation the place U.S. authorities imposing sanctions on secondary marketplace for Russian sovereign bonds could be disruptive to monetary markets. Russia’s steady outlook elements in S&P’s assumption of an ample authorities coverage response within the occasion of further sanctions. Policymaking will proceed specializing in preserving macroeconomic stability. Expectation is Russian authorities would deal with containing macroeconomic dangers arising out of recent sanctions & limiting retaliatory actions. Political tensions between U.S. and Russia increase chance of future sanctions. May take detrimental score motion in 24 months if geopolitical occasions end in international governments introducing materially tighter sanctions on Russia. Russia’s exterior place stays a credit score energy. May additionally take detrimental score motion if we noticed a threat of a fabric deterioration in russia’s budgetary trajectory.

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