Russia’s Defense Ministry rejects reports of pilotage error as cause for Su-33 crashMilitary & Defense December 08, 12:45
Assad says Aleppo’s seizure won’t be end of war in SyriaWorld December 08, 12:29
Prosecutor seeks 5-year sentence for a female student for trying to join ISRussian Politics & Diplomacy December 08, 12:26
Putin points to priority of boosting transportation projects with Asia-Pacific statesBusiness & Economy December 08, 11:43
Two Ukrainians charged in absentia over abduction of Russian servicemenWorld December 08, 11:33
Top diplomat says Philippines should no longer be Washington’s ‘little brown brother’World December 08, 11:18
China condemns militant attack on Russian hospital in AleppoWorld December 08, 11:16
Diplomat: Both Republicans and Democrats would back Russian and US efforts to improve tiesWorld December 08, 11:07
Russian diplomat blasts West’s ‘sanctions’ threats over Syria as sign of weaknessRussian Politics & Diplomacy December 08, 10:28
"We believe that the complex geopolitical situation between Russia and Ukraine may lead to additional substantial outflow of both foreign and local capital of the Russian economy, undermining the already weak growth prospects," S&P said.
Russian Economic Minister Alexei Ulyukayev believes that an investor should be given an alternative in choosing ratings.
“The thing is that the existing rating agencies - the Big Three - are called international, but they are self-named international agencies. Generally speaking, these are US agencies. They simply have gone through a certain path of development and investors find it convenient to use them,” he said.
“We cannot force investors to switch from one rating agency to another, but we should give them an alternative. An investor should decide himself what agency will be better for him to use,” Ulyukayev said, adding that not only China, but also Europe also approved a legal framework to create their own rating agency.
Earlier Russian Deputy Prime Minister Igor Shuvalov said the government had been working to reduce dependence on foreign ratings.
“We are interested in rating agencies not to be influenced by their governments or political systems and the image or the investment rating of one or other country not to be lowered as if at a command,” he said.