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S&P revises Russia’s outlook to stable from negative

September 16, 18:44 UTC+3
S&P upgrades Russia’s sovereign credit rating forecast to ‘stable’ from ‘negative’
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© AP Photo/Richard Drew

MOSCOW, September 16. /TASS/. Standard & Poor's (S&P) has upgraded Russia’s sovereign credit rating outlook to ‘stable’ from ‘negative’ on abating external risks, the coutrny’s ratings have been affirmed at ‘BB+’, the rating agency said in a press release on Friday.

S&P expects increase of Russia’s consolidated budget deficit to 4.1% of GDP in 2016 from 3.5% in 2015.

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