Russia became the fifth in the list of states with a high probability of default, ahead of many countries with a speculative rating, including Lebanon, Egypt and Portugal, reports Bloomberg .
Russian government bond yield is one of the highest among developing countries and the market is about 7%. The yield on government bonds of similar Lebanon is 5.9%, and despite the fact that the credit rating of Lebanon from S & amp; P is on the six steps below Russian rating BBB-.
However, Russia’s sovereign credit rating may be downgraded by Fitch Ratings to junk level today, experts predict Societe Generale SA. December 23, 2014, the international rating agency Standard & amp; Poor’s sovereign credit rating sent Russia to revise the a “negative” outlook .
“S & amp; P with a probability of 50% will lower the rating in the next 90 days,” – said the agency. One of the reasons for a possible downgrade – a sharp decline in the flexibility of monetary policy of the country, according to RBC . Over the past three months, the economic prospects of the Russian Federation has changed dramatically amid falling oil prices. This has led to a strong devaluation, inflation, and limited access to credit.
On the eve of the American financier George Soros said that due to a sharp drop in global oil prices imposed sanctions against Russia was hit on its economy even more than they could hope for Western leaders, leaving the country could face default.
Guardian: falling oil prices shook Russia, but Putin may yet surprise
The crisis will force Russia to take radical measures in the economy and in the future may send the country to another political way. A move that fundamentally change the rules of the game for the Putin regime – is it possible to control the movement of capital, writes British The Guardian .
The oligarchs are categorically against the control the movement of capital, but it is possible that the government will soon there will be other options. “Control over the currency exchange is strongly reducing opportunities businessmen who hitherto used Western banks and a variety of offshore holding companies to reduce their vulnerability to political risks posed by the Russian regime,” – said in the article, which results in InoPressa
Because of sanctions and economic crisis as a whole Putin forced nationalization policy deofshorizatsii and elites. He uses the usual actions of opponents to advance to his own purposes, the newspaper said.
In message the Federal Assembly on December 4, Putin “went on a rather unexpected move – made it clear that the crisis will not tighten state control, but on the contrary, would force Russia to liberalize and to the development of the sector Small and medium-sized businesses, “- says the publication.
This speech was balanced response to the current challenges, the article says, it is a crisis could force the country to escape from the economic deadlock to the political system and the economy truly rejuvenated. Putin – the master of the unexpected fraudulent attacks and demarches, and during this crisis we still he may well be surprised, says The Guardian columnist Richard Ceq.
According to him, Putin would not yield to Western pressure, but do not repeat the mistakes of the Soviet Union, which is too slow in reforms. Today there are no ideological obstacles to reforms that would meet the expectations of the middle class. “There were some more strange things” – so ends the article.
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