Russia: S&P rating review in focus - TDS

Analysts at TD Securities point out that S&P is scheduled to review Russia's BBB- (stable) sovereign rating and will be a key event for today’s session.

Key Quotes

“Russia is rated Ba1 (positive) by Moody's and BBB- (positive) by Fitch. S&P upgraded Russia to BBB- from BB+ in February of this year, citing Russia's strong net external asset position, low government debt and the central bank’s monetary policy.”

“We think it is unlikely that S&P will change the rating or less than six months after the upgrade.”