Russian Economy News: Global rating agencies downgraded the ratings of Russian and Ukrainian companies

Wednesday, December 24, 2014

Global rating agencies downgraded the ratings of Russian and Ukrainian companies – Softcraze

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The international rating agency Moody’s lowered the rating of” Gazprom “in foreign currency to Baa2 from Baa1 with a negative outlook
, says the agency, says” Ribbon .Ru ».
As noted, in the near future may downgrade another 45 Russian companies.
In particular, the ranking list for review includes such companies as” Bashneft “,” Gazprom Neft “,” Lukoil “Novatek,” Rosneft “, Russian Railways, Alrosa,” Metalloinvest », Nord Gold,« Norilsk Nickel “,” Raspadskaya “SUEK” Megafon “, MTS, as well as 16 Russian banks.
noted that the decrease rating due to a sharp and rapid deterioration in the operating environment in Russia and the increased risk of prolonged a nd severe economic crisis. It is also noted that the Russian financial institutions are under pressure in the medium term funding costs, asset quality and profitability.
Moody’s expects that the effect of Western sanctions will lead to a prolonged decline in the Russian economy.
Agency experts believe that in 2015 Russia’s economy will shrink by 5.5% in 2016 – by 3%.
not remain aloof from downgrades and Ukrainian companies Standard & amp; Poor’s lowered to the level of “SSS-” long-term credit rating of agricultural holdings “Ukrlendfarming”, “MHP”, “Creative” and “Ukrainian Agrarian Investments” with a negative outlook.
Says the agency, UNIAN.
As reported in mid-December, Standard & amp; Poor’s downgraded the sovereign rating of Ukraine in foreign currency to “SSS-” from “CCC” with a negative outlook.
Also, Standard & amp; Poo r’s lowered to the whole of country-level ratings of Kiev, Lviv, Dnipropetrovsk and Ivano-Frankivsk and predicted the fall of the economy of Ukraine in 2014 to 7%.
International rating agency Standard & amp; Poor’s also lowered the credit rating of the four Ukrainian cities.
Rating Kiev, Dnepropetrovsk, Lviv and Ivano-Frankivsk was downgraded to uaCCC-. “Negative.” The forecast says that analysts from Standard & amp; Poor’s doubts about the ability of cities to meet its credit obligations. This credit rating on the stock exchanges called “garbage».
December 19 agency downgraded the credit rating of Ukraine and from CCC to SSS-, that is, from “stable” to “negative”. Interestingly, the Ukrainian bank “Privat” oligarch Igor Kolomoisky rating and then above.