Look who's talking - Russia denounced rated

Rules igry09-12-2008 Look who's talking - Russia denounced rated lowering the credit rating of Russia, what would it have been justified - no more than a political move. Word of the international rating agencies have lost much in value after they slept through the challenges in the global economy. Recall first authoritative rating agency Standart & P oor downgraded the credit ratings of Russia's foreign currency debt to BBB from BBB +. The rating outlook is rated as "negative". Russian analysts agree that this reduction does not significantly worsen the situation in Russia. Importantly - to prevent further downgrade and loss of investment status. As writes The Financial Times, Russia became the first country in the Group of Eight, which downgraded the credit rating Standard and Poor's after the financial crisis, amid capital flight and a sharp drop in oil prices. Only this fact has become an occasion for debate around the world - why the "race to reduce the rating" Russia, having one of the largest reserves, ahead of the country, directly provoked a worldwide credit crunch? According to the S & P, the agency downgraded Russia's credit rating for foreign currency obligations in connection with the rapid depletion "of its foreign exchange reserves and the problems with the country's needs for external financing.