As the New Year approaches, 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 motivated step taken by the West to disbalance the Russia’s financial system?
Ian BLOHM | 05.01.2015