2015-01-26 21:49 [Photo: Pavel Kazachkov / Flickr (CC BY 2.0)] 
S & amp; P announced on Monday to cut Russia’s credit rating to investment BBB- BB + , ie the speculative level, otherwise junk forecast negative – give Russian news agencies, citing the agency Bloomberg.
Reuters writes that the rating agency S & amp; P in December warned that it might lower the rating Russia in mid-January, due to the rapid deterioration of the flexibility of monetary policy and the weakening of the economy of the country.
After that report, the value of the Russian currency on the Moscow stock market has fallen against both the dollar and the euro. Dollar exchange rate has increased by 5.06 ruble – to 69.29 ruble, the euro – by 5.8 ruble ruble to 77.89.
Analysts, writes RIA Novosti news agency, consider downgrading entail the sale of Russian assets, which will slow down even more the Russian economy (by 0.2-0.3 pp. of GDP). However, compared with the consequences of that for the Russian economy is a decline in oil prices, the activities of credit rating agencies are considered by many economists as small size . In addition, the majority of investors focused on two other ratings agencies so. big three, namely Fitch and Moody’s. And yet they maintain the investment rating of Russia.
At the beginning of the year, Fitch lowered the credit rating of Russia in the national and foreign currency from BBB to BBB- (ie, the lowest investment grade) with a negative outlook.
The Russian Ministry of Finance stated on Monday that it sees no reason to get rid of Russian assets by foreign investors due to a reduction in the S & amp; P to junk rating of Russia.
Agents recall that capital flight from Russia in the year 2014 was the largest since the Central Bank began to publish data on this indicator, ie since 1994. According to preliminary assessments controller with Russia last year fled 151.5 billion. This is more even, as he writes TASS, than during the crisis in 2008-2009, when the export of capital amounted to 133.6 billion dollars in the year. 2008 and 57.5 billion dollars in the year. 2009. Experts believe that the main reason for the flight of capital are sanctions. As for the sanctions imposed against Russia by the US and the EU because of its aggression against Ukraine.
Read more in Money.pl
No comments:
Post a Comment