Moody’s placed the rating of the Russian Federation “Ba1” on review for possible downgrade

NEW YORK, March 5. Moody’s has placed Russia’s rating of “Ba1” on review for possible downgrade. This is stated in the message of Agency.

“During the review, Moody’s will evaluate the degree of effect of further sharp decline in oil prices, which Fitch expects to remain at a low level for several years, Russia’s economic performance and balance of payments, including a deficit financing of state obligations in the coming years”, – stated in the message of Agency.

Moody’s expects to complete the review of the rating within two months.

International rating Agency Moody’s on 21 February, downgraded the sovereign credit rating of Russia by one notch – from “Baa3” to “Ba1” with a negative Outlook. Earlier, on January 26, rating Agency S&P lowered the long-term rating of Russia under obligations in foreign currency to “BB+” to investment grade “BBB-“.