Moody's Investors Service ("Moody's") has today affirmed the Government of Russia's Baa3 long-term issuer and senior unsecured ratings as well as its Prime-3 (P-3) domestic currency other short-term rating. The outlook remains stable, APA-Economics reports citing the Agency.
The factors supporting the decision to affirm Russia's ratings include the relative resilience demonstrated by the Russian economy to the pandemic and oil-price shock, although potential growth remains low and the government's very low debt and rebuilt fiscal buffers, although the state's dominant role in the economy poses risks to the sovereign's balance sheet.
According to the credit rating agency Russia is susceptible to political event risks, and in particular to the persistent risk of new sanctions.
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on Facebook
Follow us on Twitter
