USD ЦБ — 64,21 +0,01
EUR ЦБ — 70,68 0
Brent — 63,01 +0,91%
November, Monday

Subscribe

e-mail:

Question of the week

Will the russian Turkish stream be launched, or an apology to Erdogan is not enough?

poll archive

News // Russia

Standard & Poors: Russia Is Good For Investments

02 February 2005 , 09:10376
Standard & Poor's Rating Services ranked Russian bonds as "investment grade", from their former "speculative" rating due to soaring oil sales and a budget surplus.

The world's leading credit rating agencies says that the solidity of government finances outweighed the risk.

Russia is now a net creditor rather than a debtor, says S&P. Gold and foreign currency reserves of $119bn beat its foreign public debt of some $113bn.

The other two major ratings agencies - Fitch and Moody's have long since upped their rating of Russia's sovereign debt.

However, the agency made it clear that the improved rating did not mean that the risks were a thing of the past ? given Russian government?s habit to squeeze money from energy companies, S&P said the government's own debt is looking a good bet.

Comments

No comments yet.

Post a comment