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S&P affirms Russia's credit ratings, outlook Stable

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Standard & Poor's international rating agency has affirmed Russia's BBB long-term foreign currency sovereign rating and A-3 short-term rating with a Stable outlook, the agency said on Wednesday.

Standard & Poor's international rating agency has affirmed Russia's BBB long-term foreign currency sovereign rating and A-3 short-term rating with a Stable outlook, the agency said on Wednesday.

Russia's long and short-term credit ratings on liabilities in national currency are affirmed at BBB and A-2, respectively, with a Stable outlook, S&P said in a statement.

The affirmation reflects the agency's view that the Russian government's assets slightly exceed its liabilities due to budget surpluses in previous periods, and due to its moderate current deficit, as well as the country's general position as an external net creditor, the statement quoted S&P analyst Kai Stukenbrock as saying.

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