Moody’s downgraded the rating of Russian government bonds to «Baa3» – Sight

Moody's downgraded the rating of Russian government bonds to «Baa3» – Sight

The international rating agency Moody’s downgraded the rating of Russian government bonds with «Baa2» to «Baa3», the agency said.

Moody’s predicts a reduction of Russia’s GDP in 2016, about 3 %, the RIA “Novosti» .

short-term credit rating downgraded to «P-3″ with «P-2″. Both ratings placed on review for possible downgrade, reports Tass.

According to the statement, the downgrade of Russia due to the deteriorating economic prospects of the country against the backdrop of falling oil prices and the depreciation of the ruble .

«With a further revision of the rating (bonds) Moody’s will assess the stability of the balance of the Russian government, in particular, its foreign currency reserves”, – stated in the document.

«Baa3″ is the lowest rating in the category which investors are referred to as an “investment.” The next step in the methodology of Moody’s – «Ba1″ – refers to the “speculative” level.

Earlier, the international rating agency Fitch downgraded the ratings of 30 Russian financial institutions and their “daughters».

On the eve reported that Moody’s predicts a decline in Russia’s GDP in 2015 to 5,5%.

Before that, Fitch downgraded the credit rating of Russia with «BBB» to «BBB-» with a negative outlook.

Also this week the Russian market is waiting for the revision of the sovereign rating agency S & amp; P, now it is also on the “predmusornom ” BBB -».