S&P Raises Russia to Investment Grade

The government's debt and liquidity have improved so significantly that they outweigh the nation's serious and growing political risk

Standard & Poor's Ratings Services said on Jan. 31 it raised its long-term foreign-currency sovereign credit rating on Russia to BBB-, from BB+. The country's short-term foreign-currency sovereign credit rating was also boosted to A-3, from B, and its long-term local-currency sovereign credit rating to BBB, from BBB-.

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