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S&P Upgraded Russia’s Rating to Positive From Stable - Statement

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According to reports, Standard and Poor's upgraded on Friday its outlook for Russia to positive from stable and affirmed the country’s foreign currency at 'BB+/B'.

Moody's - Sputnik International
Moody's Upgrade of Russia's Rating Outlook Reflects 'Improvement in Economy'
WASHINGTON (Sputnik) Standard and Poor's upgraded on Friday its outlook for Russia to positive from stable and affirmed the country’s foreign currency at 'BB+/B', the company said in a release.

"We expect GDP growth in Russia will pick up, averaging about 1.7% in 2017-2020, and we see a lower risk of large capital outflows, therefore moderating external pressures," the release said. "We are revising our outlook on Russia to positive from stable and affirming our 'BB+/B' foreign currency and 'BBB-/A-3' local currency sovereign credit ratings.

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