S&P affirms Moscow

Standard & Poor's said it affirmed its BBB+ long-term issuer credit rating on the city of Moscow, located in the Russian Federation (foreign currency BBB+/stable/A-2, local currency A-/stable/A-2, Russia national-scale ruAAA).

The outlook is stable.

At the same time, the agency said that the BBB+ local currency debt rating was assigned to the city's domestic senior unsecured debt.

The rating reflects the city's position as Russia's economic, administrative and financial center and its diverse, growing, service-based economy, with wealth levels well above the national average, S&P said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.