Morgan Stanley lowered the chart of the shares of Russian companies to the level of " below market "
Morgan Stanley has decided to lower the chart of the shares of Russian companies to the level of "below market" because of the increased risk against expected returns when investing in this type of assets after the recent rally in the stock market of Russia.
"according to our assumptions, the market value of Russian shares pledged the most optimistic scenario, and the risks remain the same: oil prices, Ukraine and punishment. So, based on the current balance of risk and expected return, we recommend you to take in the shares of the Russian Federation position " below market ", - reported in the review of the investment Bank, according to news Agency ". Before it was also noted that the organization Moody's lowered the ratings and changed the Outlook on the ratings of several major Russian private credit institutions due to deterioration of business conditions, which negatively affect the fundamental financial performance of credit institutions. In January, Morgan Stanley lowered expectations for economic development of the Russian economy, predicting the country into a prolonged recession. According to the expert analysts, at the end of the current year for the dollar will be given 72 rubles, and by the end of 2016 - 70 rubles. Inflation 2015 is assumed to be at level 10, 6%, and the results of 2016 - at level 7, 2%. However, as reported by Bloomberg, Western analysts do not underestimate the Russian economy, in the hope that it will collapse under the pressure of penalties and reduction of prices on oil products.
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