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.
You should be authorized to post comment
Russia: no plans to expand the list of sanction products – Ministry of Agriculture
In the fourth week of May, Russia increased grain export supplies from the seaports
Russia exported over 32.2 mln tonnes of grains - Ministry of Agriculture
Russia planted spring grains throughout 26.1 mln ha — Ministry of Agriculture
May 27, 09:35
Russia: export duty on wheat is the effective tool of the government - Ministry of Agriculture
May 26, 11:30
In 2016, Russia to harvest 106 mln tonnes of grains – A.Tkachev
May 26, 09:55