Medvedev described the decision of the S & P downgrade of Russia as a political – Interfax

Medvedev described the decision of the S & P downgrade of Russia as a political – Interfax

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Moscow. January 27. INTERFAX.RU – Russian Prime Minister Dmitry Medvedev has called a political decision S & amp; P downgrade Russia’s investment rating. “The ratings here are all these, which are now a lot of talk, it is clear that this is a political tool in its purest form,” – said the prime minister.

Medvedev urged to think about the mechanism of formation of “these ratings.” “A number of States imposes restrictions against the economies of other countries, in this case against our economy, that is, accept, of course, political decisions. And then on the basis of this conclusion that a particular economy is not working quite as it should work, what with the economy than -That can not cope. And on the basis of the decision to downgrade, “- he said.

“What is it, not a political decision?” – He wondered.

In the Russian Ministry of Economic Development also previously called the decline of the sovereign rating of the country a political decision.

The agency Standard & amp; Poor’s (S & amp; P) has lowered its long- and short-term ratings of the Russian Federation on liabilities in foreign currency to non-investment (speculative) level – to “BB + / B” from “BBB- / A-3.” According to a press release from the agency, the rating outlook – “negative”.

S & amp; P believes that the flexibility of monetary policy in Russia has become more limited, and the prospects for economic growth weakened. Next on the schedule rating publication regarding Russia’s sovereign ratings is scheduled for April 17 this year.