July 20, 2018 / 8:47 PM / in 10 months

UPDATE 1-S&P affirms Russia's rating at 'BBB-/A-3'

(Adds comments from Russian finance minister)

July 20 (Reuters) - Ratings agency Standard & Poor's affirmed bit.ly/2LANTpJ Russia's "BBB-/A-3" credit rating on Friday, saying the state of the country's external and public balance sheets should enable the economy to absorb shocks from possible new international sanctions.

The rating agency kept its stable outlook unchanged.

“We hope that the sustainable positive trend of economic growth and responsible budgetary policy will provide compelling reasons for this agency to raise Russia’s sovereign credit rating,” said Finance Minister Anton Siluanov.

Russia received an upgrade to investment grade on its sovereign rating from S&P Global in February.

The latest U.S. sanctions were imposed on Moscow in April. (Reporting by Anuron Kumar Mitra in Bengaluru; additional reporting by Darya Korsunskaya and Vladimir Soldatkin in Moscow; Editing by Shounak Dasgupta and John Stonestreet)

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