Ratings agency Standard & Poor’s has assigned the Russian capital of Moscow the highest national scale rating of ruAAA. The credit rating of Moscow is at BBB, and the outlook is stable. These assessments were not affected by the increase in the national scale rating.

The ratings reflect the position of Moscow as the economic, administrative, and financial center of Russia. It also takes into account the diversified nature of the city’s economy, which was based on the services sector, and a high standard of living, which is substantially higher than the national average. High liquidity and low debt levels had a positive impact on the ratings of Moscow.