SOCHI, Russia Feb 5 Hosting the Winter Olympics
in Sochi at a reported cost of $50 billion is unlikely to
provide much of a boost to the Russian economy, ratings agency
Moody's said in a report on Wednesday.
President Vladimir Putin has staged his personal and
political prestige on hosting a successful Games and turning the
Black Sea resort into a more attractive tourism destination.
"While the central government can comfortably accommodate
its share of the cost, the reputational benefits of hosting the
Olympics have been undercut by the high cost of the event and
other bad publicity," Moody's said.
It rated the Games a credit neutral for Russian debt.