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Reuters: Flaring Ukraine tensions negative for Russia rating - Moody's
20:03, 15 August 2016
Reuters: Flaring Ukraine tensions negative for Russia rating - Moody's

Russia's credit rating facing fresh pressure after resurgence in fighting between pro-Russian separatists and Ukrainian forces in Crimea

20:03, 15 August 2016

businesslife.today

Aug 15 Rating agency Moody's warned that Russia's credit rating was facing fresh pressure after a resurgence in fighting between pro-Russian separatists and Ukrainian forces in Crimea.

Related: What is behind the Russian provocations in Crimea?

The agency said the tensions could be a blow to Ba1 negative-rated Russia's economic recovery hopes and that Western sanctions could well be tightened again if the trouble escalated further.

Related: Another two men detained in the case of preparation of acts of sabotage in the Crimea

It is "a credit negative for Russia", Moody's said in a new research note.

Related: Ukraine's MFA states it's actively cooperating with Council of Europe on situation in Crimea

"If the fighting were to spread to a new front in Crimea and intensify further in Donbass, international sanctions would likely tighten and be extended, which would renew capital flight and rouble exchange rate weakness, and eventually undermine Russia's economic recovery." 

Read the full article here.

Related: Finland ready to support sanctions against Russia regarding situation in Crimea, - Ambassador

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