International rating Agency Standard & Poor’s (s&P) raised the Outlook on the sovereign credit rating of Russia from “negative” to “stable”. On Friday, September 16, reports TASS with reference to data of the Agency.
The rating itself remained unchanged, that is below investment grade.
In January 2015, S&P lowered Russia’s rating from “BBB-” to “BB+”. The Agency explained the weak growth prospects in the country. It is also said that the monetary policy of the Central Bank becomes less flexible.
Amid geopolitical tensions around Ukraine in April 2014, Standard & Poor’s downgraded the rating of Russia from “BBB” to “BBB-“.
The Minister of economic development Alexei Ulyukayev called the decision politically motivated. The official also said that the actions of the S&P will not affect the behavior of investors.
