terça-feira, 27 de janeiro de 2015

S&P review note to "trash"

The u.s. rating agency downgraded Russian note of BBB-to BB +, i.e., below the level of investment, with negative perspectives.

The crisis which the country is living, caused by the fall in the price of oil and the sanctions of the West, is behind this decision. It was the first time in ten years that this happened to Russian sovereign debt.

The Russian currency, the ruble, has been reaching historic lows and the news made stock price fall even more. The dollar was trading for 67.98.

According to the Russian central bank, the GDP may fall from 4.5% to 4.7% this year.

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