Standard & Poor’s Rating Agency refused to change Russia’s rating against the adoption of new sanctions of the US against the Russian Federation.
The company noted that it still was unclear how much the new restrictions would affect the likelihood of moderate economic growth in Russia in the medium term.
Now the long-term rating of Russia’s liabilities in foreign currency is estimated by S & P at “BB +” level. This is one step lower than the investment level, whereas in March the agency revised its forecast from “neutral” to “positive”.
On August 2 the US President Donald Trump signed a law on new anti-Russian sanctions adopted by the US Senate on July 27. The new package of anti-Russian sanctions, in particular, prohibits US companies and individuals to lend money to Russian banks for longer than 14 days (previously 90 days). In addition, the document limits the financing period for Russian companies in the oil and gas sector.
Author: Anna Dorozhkina