China may replace the sources of payment for the corporate sector of the Russian Federation on the background of the punishment of the West, the message of the international rating Agency Moody's.
The Agency also emphasizes the readiness of Russia, if necessary, to Express support for the corporate sector and help him with the problem of underfunding, using state-owned banks.
The dependence of the corporate sector from the state of credit institutions will restrict competition between financial institutions, which increases the likelihood of bringing in higher interest rates for corporate borrowers in all sectors, experts say the Agency. Saving penalties will entail, for example, increasing support organizations from the country.
Agency October 18, downgraded the credit chart Russia from " Baa1 " to " Baa2 ".
among the reasons for the downgrade of the country, the Agency has called the crisis in Ukraine, which has an impact on the economy of the Russian Federation in the form of Western sanctions. In addition, experts Moody's predicts a gradual but continuous decrease of the foreign exchange reserves of the Russian Federation, provoked by the outflow of capital, difficulties in access of borrowers to international credit markets and falling prices for petroleum products.
Relations between Russia and the West has been exacerbated by the crisis in the Ukraine. At the end of July, the EU and the US from point penalties with respect to certain individuals and organizations have moved to the measures against entire sectors of the Russian economy, as well as among them, banking, defense, and energy. In response, Russia has restricted the import of food items from countries that have imposed against her punishment.
sections: Politics |