Finland does not view Nord Stream-2 construction issue as politicalBusiness & Economy January 23, 17:02
UN envoy urges Syrian armed opposition to abide by ceasefireWorld January 23, 16:00
Russia’s anti-ballistic missile defense system to be upgraded by late 2017Military & Defense January 23, 15:41
Russian top lawmaker says no plans to set up new military bases abroadRussian Politics & Diplomacy January 23, 15:29
Russian strategic bombers hammer Islamic State facilities in Syria’s Deir ez-ZorMilitary & Defense January 23, 15:02
Putin backs granting profitable routes to national airlines using Russian aircraftBusiness & Economy January 23, 14:59
Rosneft will boost oil supplies to China to 31 mln tonnes in 2017Business & Economy January 23, 14:29
Damascus insists operation against radicals in Wadi Barada not ceasefire violationWorld January 23, 14:20
America's first ladies: from Jackie Kennedy to Melania TrumpWorld January 23, 14:08
MOSCOW, January 14. /TASS/. Russia’s Economic Development Minister Alexey Ulyukayev said on Wednesday it is highly likely that the Standard&Poor's international agency will downgrade Russia’s sovereign rating.
“This probability is rather high,” Ulyukayev told journalists on the sidelines of the annual Gaidar Forum in Moscow.
Russia could lose between $20 billion and $30 billion from its investment rating downgrade by S&P, Ulyukayev said last month.
S&P announced in late December it had placed Russia’s sovereign rating on a negative CreditWatch due to the ruble’s high volatility and the weakening economy.
S&P currently rates Russia’s long-term foreign currency obligations at BBB-and national currency obligations at BBB.
“The placement of the rating on CreditWatch with negative implications reflects Standard&Poor's view that there is at least a one-in-two likelihood of a negative rating action within 90 days,” the ratings agency said. “We plan to resolve the CreditWatch placement by mid-January," it added.
On January 10, the Fitch rating agency said it had downgraded Russia’s long-term rating from BBB to BBB-, with a negative outlook.