Russian Head of General Staff Gerasimov hands award weapon to Syrian generalMilitary & Defense August 19, 9:10
German politician says Crimea should to be recognized as part of RussiaWorld August 19, 6:22
Russian Emergencies Ministry carries out over 430 humanitarian missions abroad since 1993Society & Culture August 19, 6:18
Olympic diving champion Zakharov to carry Russia’s flag at opening ceremony of UniversiadeSport August 19, 4:11
New defense attorney to be appointed in former Ukrainian president’s high treason caseWorld August 19, 4:04
Mayor says Izmir International Fair homage to memory of late Russian ambassadorWorld August 19, 3:59
Putin, Medvedev emphasize need to restore cultural facilities in CrimeaSociety & Culture August 19, 3:43
El Pais: all four suspects in Barcelona terror attack shot deadWorld August 19, 3:36
Foreign Ministry speaker Zakharova very passionate about her dollhouseRussian Politics & Diplomacy August 18, 23:01
MOSCOW, February 21./TASS/. The former Russian finance minister, Alexei Kudrin, said Moody’s downgrading of Russia’s sovereign rating to speculative was hard to explain
"I admitted the downgrading of Russia’s rating to junk, but at the moment I see this as difficult to explain," he posted on Twitter.
International rating agency Moody’s has revised downwards Russia’s sovereign debt rating to Ba1 (speculative) from Baa3, offering the continuing crisis in Ukraine and dwindling oil prices as the main reasons.
The Russian Ministry of Finance promptly replied the decision was politically motivated.
Moody’s is the second world rating agency after Standard&Poor’s to have downgraded Russia’s sovereign rating to the speculative level. Fitch has kept its investment level rating unchanged for the time being.