Tag: Run on the ruble

Why S&P Attacks Russia’s Credit Rating

On the Christmas Eve Standard & Poor’s (S&P) international credit ratings agency revised Russia’s sovereign credit ratings to credit watch negative from negative.  It said it could downgrade Russia to the non-investment-grade (speculative-grade bond, or junk bond) as soon as mid-January. Is this assessment based on indicators reflecting the real state of Russian economy? Or is it another politically […]