Thursday, December 25, 2014

Reason to revise ratings of Russia is not, said Belousov – RIA Novosti

Reason to revise ratings of Russia is not, said Belousov – RIA Novosti

MOSCOW, December 25 – RIA Novosti. At the international rating agencies there is no reason for the revision of Russia’s sovereign ratings, said presidential aide Andrei Belousov.

“This is a (possible downgrade – Ed. ) will create additional complexity, but the markets have already played it all, so we expect that significant changes it will not, significant difficulties … the basis for revision of the rating, in fact, not yet … But if they (ratings) will be revised, then, of course, be better if they had reviewed them right now, and not in the middle of January, “- said Belousov told reporters.

Ranking of Russia according to international agencies Fitch and Moody’s is now two notches above “junk” (speculative), and according to the classification of S & amp; P – in the bottom of the investment grade. Standard & amp; Poor`s Tuesday placed the ratings of Russia on review for pos sible downgrade. Revision is scheduled for completion by mid-January. Fitch also plans to revise the rating of the Russian Federation in January.

“Their motives are quite far-fetched, ie, they are purely hypothetical in nature,” – said Belousov. He also said that Russia may lose investment rating only version of one agency – S & amp; P. “Therefore, we are even in the worst case, most likely, will remain somewhere between investment and non-investment rating,” – said Belousov.

investment-grade rating, as opposed to speculative, means that the issuer considered reliable in terms of return on investment for investors. Rating Russia entered the investment category in 2005.

On Wednesday, Finance Minister Anton Siluanov, commenting on the actions S & amp; P, noted that “the external perception is not always really corresponds to what is actually”.

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