FX.co ★ S&P confirms Russia’s rating on "BB+"

International rating agency Standard & Poor's affirmed the Russian Federation’s long-term sover-eign credit rating in foreign currency at "BB+" with negative outlook.

The long-term rating in national currency was confirmed at "BBB-".

The agency also left Russia’s short-term rating in foreign currency at "B", while in national cur-rency it remained at "A-3".
According to the agency’s latest forecasts, the Russian GDP is likely to contract by 1.4% this year. In 2017, Russia’s economy is expected to expand at a moderate pace.