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Moody's upgrades Russia's credit rating

Westphalian

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Moody's upgrades Russia rating, changes outlook to stable | Reuters


Feb 8 (Reuters) - Global ratings agency Moody’s Investor Service upgraded Russia’s rating to Baa3 from Ba1 on Friday, saying policies enacted in recent years will strengthen the country’s already robust public finances.

Moody’s also said there is a reasonably high likelihood that the United States could impose further sanctions on Russia in the coming months, but added that Russia’s ability to withstand the impact has improved since the downgrade in 2015.
 
Probably not a big deal, I highly doubt this will result in much debt investment change. But it will make it slightly less painful for Russia over the long term.
 
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