Moody's downgrades Russia sovereign debt to junk

Discussion in 'Current Events' started by Defengar, Feb 21, 2015.

  1. Defengar

    Defengar New Member

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    But I thought conservatives were saying Putin was a devious mastermind!??!
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    http://www.cnbc.com/id/102413689#.

    Moody's Investors Service downgraded Russia's sovereign debt to junk status on Friday, citing the crisis in Ukraine and the falling price of oil.
    Moody's cut Russia's rating to Ba1 from Baa3, with a negative outlook.

    "Russia is expected to experience a deep recession in 2015 and a continued contraction in 2016," the ratings agency said in a statement.

    Moody's also warned of the—still remote—possibility that Russia could decide on an extreme response to Western pressure over Ukraine.

    "The risk is rising, although still very low, that the international response to the military conflict in Ukraine triggers a decision by the Russian authorities that directly or indirectly undermines timely payments on external debt service," it said.
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    For the Putin bots who will say its just one agency, here is a list of second opinions on Russian sovereign bond ratings:

    Moody's Ba1 Negative 2015-02-20

    Standard and Poors BB+ Negative 2015-01-26

    Fitch BBB- Negative 2015-01-09

    JCR BBB- Negative 2014-12-26

    Dagong A Stable 2013-11

    The Russian economy is tanking; the Ruble is becoming rubble, and all the country has for its trouble is a port they had a several decades long lease on anyways plus a small chunk of land.
     
  2. Bo_4

    Bo_4 Banned at Members Request Past Donor

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    Oh dear.. perhaps Das Poot needs to move west and conquer Europe?

    “He makes a decision and he executes it, quickly. And then everybody reacts. That’s what you call a leader,” Giuliani said.

    Fly WEST old man! :cool:

    [​IMG]
     
  3. pocket aces

    pocket aces Well-Known Member Past Donor

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    Putin was just a flash in the pan for them. Kinda like Larry Sinclair. They like to hitch their wagons to unseemly characters if it means getting a couple of shots in on Obama.
     

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