Title for Episode VIII of world’s famous saga ‘Star Wars’ revealedSociety & Culture January 23, 21:19
Russia’s chief negotiator: Astana format gives hope for new level in negotiating processRussian Politics & Diplomacy January 23, 20:52
Astana talks focusing on mechanism of Syria ceasefire observance — oppositionWorld January 23, 20:23
Russia and Turkey hit Islamic State targets near al-Bab in Aleppo provinceWorld January 23, 20:06
Russia’s 4th Yasen-class submarine completes hydraulic testsMilitary & Defense January 23, 18:56
Arctic airport in search for investorsBusiness & Economy January 23, 18:50
Rosneft begins Arctic shelf’s seismological exploration from 2017Business & Economy January 23, 18:38
Tesla takes the lead in sales of electric cars in Russia in 2016Business & Economy January 23, 18:18
Politician says European-style reforms to degrade Ukraine’s economyWorld January 23, 18:16
MOSCOW, March 20. /TASS/. The former Russian Finance Minister and the head of the Civic Initiatives Committee think tank Alexey Kudrin does not think the decisions by international rating agencies to downgrade Russia’s sovereign rating to speculative level were politically motivated.
"I do not think that those decisions were politically motivated," Kudrin said Friday. "Judging from objective indicators of our economy, unfortunately, we’re in this risk zone," he said.
Moody’s rating agency downgraded Russia’s sovereign rating to speculative Ba1 level from Baa3 with negative outlook on February 21, citing the Ukrainian crisis and oil price plunge as the main reasons for the downgrade. Moody’s followed Standard & Poor's in its move to downgrade Russia’s sovereign rating to speculative level.
However, Alexey Kudrin also mentioned the effect of the consequences of anti-Russia sanctions for those decisions. "Sanctions are a political decision, while the rating is a consequence, which stated Russia’s special position on the global markets," he said. "When losing the ratings, we fell out of the race of the world’s economic leaders," Kudrin added.