S&P Global Ratings changes outlook of Russian Federation

The report of the rating agency states

Baku. 19 September. REPORT.AZ/ S&P Global Ratings revised its outlook on the Russian Federation to stable from negative. 

"At the same time, we affirmed our 'BB+/B' long- and short-term foreign currency and our 'BBB-/A-3' long- and short-term local currency sovereign credit ratings on Russia. We also affirmed the long-term national scale rating on Russia at 'ruAAA'."

Report informs referring to the Russian media, the report of the rating agency states.

Notably, in January 2015 the agency has downgraded outlook of the country from BBB- to BB+.

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