Wednesday, December 24, 2014

Russia close to junk rating. Analysts delineate pessimistic scenario – Dziennik.pl

Russia close to junk rating. Analysts delineate pessimistic scenario – Dziennik.pl

At the end of October Standard & amp; Poor’s confirmed Russia’s credit scores at BBB-. A little earlier by another agency, Moody’s Investors Service downgraded the rating one notch to Baa2 Russia from Baa1. Fitch maintained in July valuation BBB Russia, but changed the outlook to negative.

On Monday, also a former Russian Finance Minister Alexei Kudrin said that the rating of Russian in 2015 can be reduced to junk.

In his opinion, in 2015. Russia will be in full phase of the economic crisis and the decline in GDP is to be expected even if oil prices rise to $ 80 per barrel.

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