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Russia Could Weather Even Venezuela-Type Sanctions, Moody's Says

  • Moody’s says Russia’s domestic market enough to cover deficit
  • Nation on course for upgrade out of junk in next 18 months
Updated on

Moody’s Investors Service isn’t too concerned about a classified U.S. Treasury report about sanctions that’s been hanging over Russian bond markets.

The ratings agency said that it would consider raising Russia to investment grade even if the nation is burdened with the kind of penalties that have curbed Venezuela’s ability to finance its debts. Moody’s put Russia on positive outlook last week, setting it on course for a possible raise out of junk in the next 12-18 months.