NEWSWATCH: “Russia’s economic recovery not enough for higher rating: Moody’s” – Reuters/ Andrey Ostroukh

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“Economic recovery in Russia is not strong enough to convince Moody’s rating agency to upgrade its sovereign credit rating as the country still lacks sufficient structural reform …. Moody’s downgraded Russia’s rating to below investment grade in early 2015 as Russia’s economy slipped into recession amid a rapid drop in oil prices and Western sanctions … over [Russia’s] role in the Ukrainian crisis. …  Moody’s rating outlook has a time horizon of 12-18 months before the agency may consider the next rating action. …”

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