Skip to comments.Standard and Poor's Downgrades Russia's Credit Rating (1 Notch above Junk)
Posted on 04/27/2014 5:51:40 AM PDT by equalator
Standard & Poors downgraded Russias credit rating to BBB-, just one notch above junk, and warned that the nation faced a further downgrade in the event of tighter financial sanctions by members of the North Atlantic Treaty Organization (NATO). To prevent a big drop in the exchange rate of their ruble currency, Russias central bank increased its benchmark interest rate to 7.5% in an effort to trim inflation.
The Central Bank of Russia raised the rate it loans to the nations bank by .5% following the S&P downgrade. The last time the countrys monetary authorities raised rates was in March--to 7% from 5.5%--at the start of the Ukraine crisis.
Investors concerned about the Ukrainian
(Excerpt) Read more at breitbart.com ...
Standard&Poor is pretty reliable right?
Remember....everyone who is dealing with Russia is getting scr****....
Lets p’o. the bear with whiny little Chihuahuas ,,, they could bury us with one mouseclick to sell our bonds.
NATO is toast , Europe is on their own ,, get used to it..
S&P got investigated after down grading the USA
perhaps this is atonement to call off the Obama dogs
I believe that they were before the Obama regime took power. Since then, I would not believe anything they said or did. I seem to recall that sometime ago,they were considering lowering the credit rating of the United States. Then Obama’s goons had a come to Jesus meeting with them and they reconsidered.
How does a nation in such dire financial straights afford the military hardware and capabilities to invade two countries in the last 5 years while also holding the title for having the most powerful military in the world only next to the United States?
Haven’t heard much on it but hydraulic fracking is why Putin’s window is narrowing.
It’s also apparently a big part of what’s happening to our grocery bills. Apparently there’s only so much water in the world, for agriculture and fraking... Scenes of major drought should not be fraking.
The imposition of sanctions on Iran after the Iranian Revolution brought the world economy to its knees. We are still struggling to recover from the depression that followed.
Thank goodness for Russian goodwill and restraint.
That is a baaaaad PhotoShop job.
(look at the leg)
The water is being cleaned and recycled now. No more pools. It was a “problem” that has been solved.
I'd guess you can drop the "perhaps".
S&P was more than likely leveraged to some degree or another to help make Obozo look effective.