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Russia Gets First S&P Upgrade In Over Decade To Exit Junk Status

TedTed
in The Bullpen
FYI: Russia won its first upgrade from S&P Global Ratings since 2006, a milestone decision that returns the world’s biggest energy exporter to investment grade after three years at junk.

The sovereign rating was lifted to BBB- from BB+, with a stable outlook, S&P said in a statement on Friday. That puts it on par with Kazakhstan, Bulgaria and Indonesia. Fitch Ratings, which already has an investment-grade score for Russia, on Friday affirmed the rating at BBB- with a stable outlook.
Regards,
Ted
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