Moody's places Russia's government bond rating on review for downgrade

March 28 Fri Mar 28, 2014 6:14pm EDT

March 28 (Reuters) - Moody's placed Russia's government bond rating of Baa1 on review for downgrade as the conflict with Ukraine weighs on medium-term economic outlook.

The rating agency said the Ukranian crisis could significantly hurt investor sentiment, already dampened by weak rule of law and high levels of corruption. (link.reuters.com/tar97v) (Reporting By Narottam Medhora)

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Comments (1)
crownretro wrote:
This load of rubbish from Moody’s, one of the most corrupt ratings agencies that AAA-stamped 10s of 1000s of structured investment junk during the sub-prime crisis? Paaalease! And the timing of this “ratings threat” is especially dodgy, considering Moody’s comes from the USA, the country currently waging a sanctions war on Russia.

Mar 28, 2014 9:22pm EDT  --  Report as abuse
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