Russia Bond Rating Stable
World Economy

Russia Bond Rating Stable

Ratings agency Moody’s has upgraded the Russian government bond rating from negative to stable, citing the stabilization of Russia’s external finances, RT reported. Moody’s attributes this to a macroeconomic adjustment that has helped to mitigate the effect of the fall in crude prices on official forex reserves. Another key factor for the change according to the ratings agency was “the diminished likelihood of the Russian economy or finances facing a further intense shock in the next 12 to 18 months, such as from additional international sanctions given some easing of the conflict in eastern Ukraine.”

Short URL : http://goo.gl/wng39u
  1. http://goo.gl/tk5tLP
  • http://goo.gl/uUEAci
  • http://goo.gl/EQkskW
  • http://goo.gl/l0bCRL
  • http://goo.gl/WNkRcS

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...
Mario Draghi
Mario Draghi promised that the European Central Bank will take...