Moody’s committed a decrease in credit rating of Russia – RBC

Photo: Bloomberg

The agency Moody ‘s has put Russia’s credit rating review for possible reductions. Among the factors influencing the rating downgrade, the agency calls on oil prices and the state of the Russian economy

The rating agency Moody’s has put the sovereign credit rating of Russia, located on the level of Ba1, on review for possible reduction, according to a press release agency.

«while Moody’s review will assess the impact of a further decline in oil prices, which is predicted to Moody ‘s will remain low for a few years, the state of the Russian economy and the balance of payments, including options for deficit financing of state obligations “, – said the agency

Moody’s plans to complete a review of Russia’s credit rating two months

at the end of February 2015 Moody’s downgraded the sovereign credit rating of Russia to Ba1 with.. negative outlook; This level is considered “garbage”. A month before its rating to below investment grade (BB +) downgraded agency Standard & amp; Poor’s. The third of the specialized organizations – Fitch from mid-January 2015 holds Russia’s rating at BBB-, or on the brink of “junk»

February 18, 2016 Moody’s downgraded Russia’s GDP falling in 2016 to 2.5. .%, Fitch ratings – up to 1%, and the European Commission – up to 1,2%

Along with Moody’s also put Russia on the revision of the ratings of other oil-producing countries: Nigeria, Congo, Gabon and the Gulf including Kuwait, Saudi Arabia, United Arab Emirates, Bahrain and Qatar. Revision of the ratings of these countries Moody’s also expects to complete within two months. As the agency Bloomberg, the collapse in oil prices affect the creditworthiness of commodity producers.

«It sends the market” bearish “signal, despite the fact that the sharp drop in oil prices is not news to anyone. With oil prices falling incomes of exporters of raw materials greatly reduced, making it difficult to ensure their balanced budgets, the government, as well as control and debt service, “- he said in a conversation with Bloomberg Wayne Lin, manager of the New York QS Investors LLC.