Bloomberg: the Agency have the ability to reduce the chart below investment Russia
Rating agencies have the opportunity to reduce the national chart of lower investment, analysts in the United States.
international rating Agency Moody's downgraded the chart of Russian government bonds To "Baa3" by placing it in a list on the change in downward direction. A week ago, Fitch also downgraded the sovereign ratings of Russia's foreign and local currency by one notch to " BBB " To "BBB -" with a negative prediction. Before the end of January it is assumed the decision of the major rating Agency Standard and Poor " s, which holds the chart of Russia on the last investment stage.
"it is assumed reduction To "junk" level, and the Rating agencies just catching up to the reality, as the Russian debt is trading at junk levels, " said Bloomberg Rudolph-Riad Eunice, Founder of the organization R Squared Capital Management LP.
"Russia is heading in the wrong direction, and if it will not hold a sharp change in its policy toward Ukraine, and the cost for petroleum products will not be restored, reducing the rating To "junk" status ever", he added.
"Junk" status will have a very serious impact on the corporate debt of Russia ", - said the Agency Ian Hague, partner Firebird Management LLC." The irony is that most state-owned organizations have already isolated from foreign markets, so that they nevertheless are not able to refinance its own debt, " he added.
Credit chart represents an independent assessment of this or any other rating Agency of the Issuer, on the basis of which market players have the opportunity to make informed financial decisions. The reasons for the changes in the credit ratings are very diverse. One is linked to overall shifts in the economy and business environment, others are more narrow in nature and are determined by the circumstances affecting a particular industry. Read more in help Last news
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