Moody’s raises Russia worries
The pillar of Russian creditworthiness is looking more rickety by the day to Moody’s Investors Service. |||
Moscow – The pillar of Russian creditworthiness is looking more rickety by the day to Moody’s Investors Service.“What once has been the country’s strongest asset, which was the government’s very strong financial position, is now under significant pressure,” Kristin Lindow, senior vice president at the credit-ratings company, said Wednesday in an interview in Moscow. “It doesn’t have a lot of debt, but it also is actively depleting its saving buffers, with very littleprospect in the medium term of rebuilding …read more
Source: Independent Online
