According to Komsomolskaya Pravda, the speculative level means that securities issued by the State, can only make short-term operations to capitalize on their fall. Such ratings called “garbage».
In fact, ratings fix the state’s ability to pay its debts. Also on ratings assess whether the State to lend. In this area, working Moody’s, S & amp; P and Fitch, have been known to hand out their assessments on political grounds. It is clear that in the context downgrade ruble weakened in the final minutes of trading, the dollar reached a point 68.47 ruble, euro 78.94 rubles. Judging by the contract, which will be listed on ispolnyatsyazavtra, depreciation amounted to 4.3 rubles to the dollar and the euro, writes Bigness.ru.
American economist James Rickards, head of global strategy firm West Shore Funds, said reduction of the Russian rating agency Standard and Poor’s “senseless” and “wrong”.
“Russia has enough reserves to repay its sovereign debt. The external dollar-denominated debt to Russia is quite small relative to GDP and reserves. It is difficult to understand what is the basis a decision to reduce – it is incorrect and meaningless, “- said Sputnik Rickards, author of” war of currencies “(Currency Wars).
” The notion that Russia will go bankrupt – is nonsense, because it has strong reserves and access to hard currency reserves in China. China has $ 4 trillion of assets, so that they could borrow Russian everything she needs, “- said Rickards.
As the Politonlayn, do not listen to such forecasts are not worth it. But do not realize that the objectivity of such estimates is highly dependent on purely political order, is also impossible. After all, create a negative psychological background of the population of Russia, panic in economic circles around the country and within it – is one of the goals of customer rating predictions.
“Take, for example, to respect and” completely objective in their assessment “agency Standard & amp; Poor’s. And note that primarily S & amp; P – a subsidiary of the American media holding McGraw-Hill, provides financial and analytical services.
That is, in part, the organization is very interested in the development of sanctions pressure on Russia in line, evolved by the US government. In fact, the same can be said of the other rating agencies, one way or another, but with interests is on the other side of the ocean and expect them to completely objective and truthful assessment is hardly possible.
See also:
Vladimir Rozhankovskiy: agencies like S & amp; P must not think about Russia and about Greece
Do Russians felt themselves to “junk” rating? – Live Pravda.Ru
Moody’s outlook Fitch denied the fall of Russia’s GDP to 4%
Rating agencies told when “write off” Russia
Vladimir Rozhankovskiy: agencies like S & amp; P must not think about Russia and about Greece
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