JRL NEWSWATCH: “Russia, wary of U.S. sanctions, puts saving before growth” – Reuters/Darya Korsunskaya

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“Russia’s drive to fill state coffers to give itself a $200 billion buffer against threats like new U.S. sanctions … will come at the expense of economic growth. … With oil prices high, Russia has been steadily siphoning revenues from its major export into the National Wealth Fund (NWF). It has also raised oil industry taxes, hiked value-added tax and […]

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RUSSIALINK: “U.S. ‘Love’ of Sanctions Won’t Stop Moody’s Upgrading Russia” – Moscow Times

Portion of U.S. Treasury Department Building Facade, North Side, with Sculpture of Alexander Hamilton

(Moscow Times – themoscowtimes.com – October 29, 2018) Moody’s Investors Service thinks it’s likely that the U.S. will sanction Russia’s sovereign debt. But it might just upgrade the country to investment grade anyway. “Those sanctions are likely to come because they would target what the administration has in mind: trying to impose pain on Russia,” Moody’s analyst Kristin Lindow said […]

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RUSSIALINK: “Russia Can Weather Any New U.S. Sanctions, Says Moody’s” – Moscow Times

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(Moscow Times – themoscowtimes.com – August 7, 2018) Russia will be able to weather new sanctions from the United States following a series of steps it took to reduce its vulnerability to future penalties, said Moody’s analyst Kristin Lindow. The U.S. levied sanctions against businesses held by Kremlin-linked oligarchs in April as punishment for alleged interference in the 2016 presidential […]

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JRL NEWSWATCH: “World Cup to Have Little Impact on Russia’s Economy: Moody’s” – Reuters

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“The 2018 soccer World Cup will have little lasting impact on the Russian economy … Moody’s Investors Service said …. Russia will host [the tournament] … in 11 cities … having spent billions of dollars on preparations. … Moody’s finding is at variance with an assessment … by former deputy prime minister Arkady Dvorkovich …. [S]ectors expected to benefit most […]

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Moody’s says Russian economy resilient to latest U.S. sanctions

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(Moscow Times – themoscowtimes.com – April 19, 2018) Rating agency Moody’s Investors Service said on Wednesday Russia’s strong public and external finances would shield its economy from the impact of the latest U.S. sanctions. However, the sanctions will be credit negative for some Russian debt issuers, especially Russian aluminum giant United Company Rusal Plc, Moody’s said in a report. The […]

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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 […]

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Interfax: Moody’s upgrades Russia rating outlook to stable

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MOSCOW. Feb 20 (Interfax) – Moody’s Investors Service has changed the outlook for Russia’s sovereign ratings to stable from negative. Russia’s issuer rating and the rating for Russian government bonds have been affirmed at Ba1, and the short-term rating has been affirmed at Not Prime, the rating agency said in a press release. Finance Minister Anton Siluanov welcomed Moody’s decision. […]

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Interfax: Minister sees Moody’s upgrading Russia rating outlook as recognition of effective policy

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MOSCOW. Dec 4 (Interfax) – Moody’s Investors Service’s decision to upgrade the rating outlook for Russian government bonds to stable from negative is an acknowledgement of the effectiveness of the Russian authorities’ fiscal and monetary policies, Finance Minister Anton Siluanov told reporters. “The upgrade of the outlook, made for the first time in a fairly long time, indicates recognition of […]

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