Putin spokesman: S&P’s downgrade of Russia’s rating was directive
"Russian President Vladimir Putin’s spokesman Dmitry Peskov has said the downgrade of Russia’s rating outlook by the Standard & Poor’s ratings agency was due to a directive rather than objective circumstances. The downgrade decision 'was clearly directive, not objective,' Peskov told journalists Friday, adding that such forecasts reduce the degree of credibility of such agencies. On March 20, S&P said it revised its outlook on the Russian Federation to negative from stable. Fitch Ratings on Thursday revised the outlook on Russia's long-term foreign and local currency Issuer Default Ratings (IDR) to negative from stable and affirmed the IDRs at 'BBB'." Continue reading →
