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.
16:01 04.02.2019Russia has 2nd-lowest gas price in Europe
18:00 27.04.2017Belarus-Russia oil and gas agreements honored in full
10:01 23.05.2014Offshore Marintec Russia - a new platform for demonstration of modern technical solutions at all stages of development of the shelf.
22:53 18.11.2010China and Russia still far apart on gas prices
08:48 08.11.2010Medvedev, Halonen to discuss Russia-EU partnership
15:20 28.10.2010Russia, Ukraine fail to agree new gas deal