S&P lowered the foreign currency rating of Russia to 'BBB-', outlook – negative
The international rating agency Standard & Poor's lowered its long- and short-term foreign currency sovereign ratings of the Russian Federation to "BBB-/A-3" against the previous index of "BBB/A-2", the rating outlook is negative, informed the press-release of the Agency on April 25.
In addition, the long-term local currency sovereign rating was reduced to “BBB” from “BBB+”. While the short-term local currency sovereign rating was affirmed at “A-2”.
The reporting rating actions reflect deteriorating of the external financing conditions for the Russian economy, noted Standard & Poor's.
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