Russian space budget may grow this yearScience & Space May 26, 20:48
Moscow hopes London High Court will deliver judgement on Ukraine’s debt to Russia soonBusiness & Economy May 26, 20:21
Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
LONDON, January 22. /TASS/. Moody's Investors Services rating agency has downgraded the rating of Svyazinvestneftekhim, a Russian holding with stakes in eighteen largest Tatarstan companies, to Ba1 from Baa3, the agency said on Thursday. The rating remains on review for further downgrade.
Earlier, Moody's cut the long-term ratings of Russia’s state-owned lenders Sberbank, Vnesheconombank (VEB) and the Agency for Housing Mortgage Lending by one notch to Baa3 from Baa2. The rating cut to Baa3, the lowest investment-grade level under Moody’s classification, followed Russia’s sovereign rating downgrade.
On Tuesday, the agency downgraded ratings of Transneft, Russia’s biggest oil pipeline operator, to Baa3. Gazprom's foreign-currency ratings were also downgraded to Baa3 while its local-currency ratingswere downgraded to Baa2.
On Wednesday, Moody's downgraded the ratings of seventeen Russian regions and cities. The regions that received the downgrade are Khanty-Mansiysk, Samara, Chuvashia, Krasnoyarsk, Komi, Omsk, Nizhniy Novgorod, Krasnodar, Belgorod, Mordovia and Vologda. Three cities - Krasnodar, Omsk and Volgograd - also received a lowered rating. Moody's has also put Moscow Region and Mordovia for a downgrade review, due to possible worsening of their credit abilities under a rising risk.