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Posts : 18434
Join date : 2015-05-20
Location : United States

S & P affirmed the "junk" rating of Russia

on Fri Oct 16, 2015 10:01 pm
Status "of financial buffers in Russia could worsen over the next 12 months more quickly than currently expected", said S & P.

S & P has affirmed Russia's rating in foreign currency at the level of BB + (below investment grade) c "negative" outlook (rating called "garbage." - "Gordon").

It is reported RBC with reference to the release of the rating agency.

Long-term local currency rating affirmed at the level of BBB-. S & P also affirmed the national scale rating ruAAA.

Outlook reflects the agency's position that the "state of the financial buffers could worsen over the next 12 months more quickly than currently expected."

The Agency believes that the rating of the country "is limited to a relatively weak political institutions and the prospects for economic growth." They, in turn, hinder the improvement of the competitiveness of the economy, business practices and improve the investment climate, according to a release.

In January-February 2015, Russia's credit rating to "junk" level lowered the leading rating agencies: Fitch, Moody's and S & P. In Russian
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