The Russian Eurobond market did not react after international rating agency Standard & Poor's affirmed its 'BBB-' long-term foreign and 'BBB' long-term local currency sovereign credit ratings for Russia, Cbonds.info reported.
The most liquid Eurobonds maturing in 2030 remained at 110.5% of face value both before and after the announcement.
"I don't think the market really expected any changes from S&P, but in the best case the outlook could have been improved to positive, but it wasn't changed. The market corrected down today on the whole. Maybe if we had stood a bit higher, we would have felt it more," Alexander Nikonov, head of long-term stock trading at MDM Bank, told Interfax.
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Russia S&P Rating Remained Unhanged
"I don't think the market really expected any changes from S&P, but in the best case the outlook could have been improved to positive"
