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MOSCOW, August 31 (Itar-Tass) —— Standard & Poor’s confirmed Russia’s ratings and gave a “stable” forecast.
The long-term and short-term ratings for foreign exchange liabilities were confirmed as BBB/A-3; long-term and short-term ratings for rouble-denominated liabilities were confirmed as BBB+/A-2.
Russia’s rating on the national scale was confirmed as ruAAA.
The risk of foreign exchange transfer and conversion for Russian non-sovereign borrowers remains BBB.
The confirmation of the ratings reflects the fact that the volume of the Russia government’s assets by far exceeds the volume of liabilities due to a budget surplus from the previous years and a moderate current deficit, as well as the position of the country as a net creditor as a whole.