Russia's Outlook Raised to Stable From Negative by Moody's
- Ratings company cites stabilizing finances, calm in Ukraine
- Affirms Ba1 credit rating, one step below investment grade
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Russia’s credit-rating outlook was raised to stable from negative by Moody’s Investors Service, which cited a stabilization of external finances and a diminished likelihood of the economy facing a further “intense shock” in the next 12 to 18 months after being sanctioned over Ukraine.
Moody’s affirmed Russia’s Ba1 credit ranking, which is one step below investment grade. It lowered the rating to junk in February.