Economics
Investors React as Russia Emerges From 3 Years at Junk
- Demand may pick up, especially for longer-end paper: Danske
- More conservative investors can buy Russian debt now: Siluanov
Russian Markets Rally Post S&P Upgrade
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Russia shed its junk status on Friday after S&P Global Ratings boosted the credit score of the world’s biggest energy exporter to investment grade.
Finance Minister Anton Siluanov touted the decision as proof the economy had adapted to lower oil prices and international sanctions. Now that Russia has a non-speculative ranking from two international agencies, more conservative investors such as pension funds and insurance companies will be able to invest in the country’s foreign debt, he said.