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31/03/2014
16:27
Moody's places Russia's rating on review for downgrade

Moody's Investors Service placed Russia's government bond rating on review for downgrade, the rating agency informed.

The conflict with Umraine puts additional pressure on Russia's economic strength, rating experts point out expecting an economic GDP contraction of around -1.0% in 2014, against pre-crisis expectations of growth of around 2%.

Should the review lead to a downgrade, the most likely outcome would be a one-notch adjustment, the statement points out.

Moody's would consider confirming Russia's sovereign rating at its current Baa1 level if the current tensions (namely, the Ukraine issue) were to dissipate.


"AK&M", 31.03.2014 15:12

 

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