S&P decision is ‘groundlessly negative’ – Russian finance minister — RT Business:
"The downgrade of Russia’s credit rating by S&P is unreasonable, as the agency didn’t consider the country’s anti-crisis plan, and the strong economy with its large reserves and extremely low public debt, said Russian Finance Minister Anton Siluanov.
Siluanov says he does not think the move will lead to a sharp decline in the share of non-residents holding Russian bonds.
"A very important aspect is that the rating of Russian obligations in the national currency is still at the BBB- investment grade. Therefore, there won’t be a sharp decline in the share of non-residents among the holders of Russian loan bonds," he said."
'via Blog this'
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