S&P maintains Russia’s stable economic outlook despite sanctions and pandemic

Rating agency

Rating agency Standard & Poors (S&P) has confirmed Russia’s foreign currency sovereign credit rating at BBB-/A-3, giving it a stable outlook.

The agency says Russia’s external and fiscal balance sheets show strength and are likely to diminish risks to both fiscal and financial stability brought about by the Covid-19 pandemic as well as the prospect of further international sanctions against the country over geopolitical disagreements.

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