Russia: S&P rating review in focus - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities point out that S&P is scheduled to review Russia's BBB- (stable) sovereign rating and will be a key event for today’s session.

Key Quotes

“Russia is rated Ba1 (positive) by Moody's and BBB- (positive) by Fitch. S&P upgraded Russia to BBB- from BB+ in February of this year, citing Russia's strong net external asset position, low government debt and the central bank’s monetary policy.”

“We think it is unlikely that S&P will change the rating or less than six months after the upgrade.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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