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Finance Minister: Moody’s decision to lower Russia’s rating to Ba1 "overly negative"

February 21, 2015, 1:20 UTC+3 MOSCOW
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MOSCOW, February 21. /TASS/. Russian Finance Minister Anton Siluanov has promptly and emphatically responded to the latest decision by the international rating agency Moody’s to revise Russia’s sovereign rating downwards to Ba1, outlook negative.

"I believe that Moody’s decision is not just overly negative, but also based on an extremely pessimistic forecast, unparalleled these days," he told the media.

Siluanov is certain there are political factors behind the agency’s decision.

"Apparently the information about the condition of Russia’s economy and its budget policies, which was provided to the agency to the fullest extent, has been ignored," Siluanov remarked.

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