10:17
19.03.2016
S&P affirms Russia's sovereign ratings with negative outlook
Standard & Poor's (S&P) has affirmed Russia's long-term foreign currency rating at "BB+" with negative outlook, the rating agency said in a press release on Friday.
The short-term foreign currency rating remains "B".
S&P also affirmed Russia's long- and short-term local currency ratings at "BBB-/A3" with negative outlook.
It confirmed Russia's national scale rating at "ruAAA".
S&P forecasts Russian GDP to contract 1.4% in 2016 with moderate growth resuming in 2017, with real GDP growth averaging 0.5% in the 2016-2019 period.
