Activists in Berlin stage picket condemning Obama’s foreign policyWorld January 19, 21:17
Russian regulator promises to respond to any US restrictions of RT channelRussian Politics & Diplomacy January 19, 21:09
FIFA: Over 82,400 ticket requests applied globally for 2017 Confederations Cup in RussiaSport January 19, 20:17
Russia stands for developing legal tool to fight cyber hooliganismRussian Politics & Diplomacy January 19, 20:00
Russia is developing advanced hypersonic weapons — ministryMilitary & Defense January 19, 19:50
Former USSR leader receives Lithuanian court’s summons as witness in case over 1991 eventsWorld January 19, 19:29
FIDE chief says he plans to seek US entry after President-elect Trump’s inaugurationSport January 19, 18:56
Russian economy minister: Results of 2016 demonstrated adjustment to cheap oil, sanctionsBusiness & Economy January 19, 18:44
Russia ready to welcome Trump at economic forum in St. Petersburg — first deputy PMBusiness & Economy January 19, 18:29
MOSCOW, January 28. /TASS/. Almost no Russian companies will face problems with early bond repayment due to recent Russian ratings downgrade, Deputy Minister of Economic Development Nikolay Podguzov said on Wednesday.
"Our thorough study showed that there are no such covenants (early repayment peg to Russia’s or company’s rating — TASS) in the Russian companies’ public debt contracts, including Eurobonds. I mean we didn’t find such conditions, but probably we missed something out," Podguzov said.
"We can say that even if a problem like that exists it’s not that huge, and it’s less than we initially expected," he added.
On January 26, the international rating agency S&P cut Russia’s credit rating to junk level, putting it below investment grade for the first time in a decade. It added a negative outlook on the rating, saying, "The downgrade reflects our view that Russia's monetary policy flexibility has become more limited and its economic growth prospects have weakened." S&P last downgraded Russia in April.
Earlier this month, Fitch and Moody’s downgraded Russia to their lowest investment grades.