Standard & Poor’s says that Russia’s long-term sovereign rating may be reduced by three points if oil prices for Urals oil drop to $60 per barrel, RIA Novosti reports.
Reduction of oil prices by $10 would cause a loss of 1.4% of GDP. If oil prices for Urals drop to $60, the GDP deficit will exceed 8%.
Russia's long-term currency rating is BBB with a stable forecast and the short-term is A-3, while its national currency obligations have a long-term rating of BBB+ with a stable forecast and the short-term is A-2.
