Saturday 29 June 2013

Russia’s rating: S&P sticks | beyondbrics

"The best gamblers know when to get out of the game, rather than throwing money at a losing bet in the hope it comes good.

With that in mind, let us look at Russia – and specifically, its credit rating.

Last month, JPMorgan was hired specifically as a consultant to “promote the sovereign credit rating of the Russian Federation”, according to a finance ministry statement. It’s not known how big the contract is."

'via Blog this'

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