The Russian government has stopped relying on the ratings of Western rating agencies and the assessments of the Organization for Economic Co-operation and Development (OECD) when granting loans to other countries. This is stated in resolution Cabinet signed by Prime Minister Mikhail Mishustin.
According to the new decision, countries with long-term credit scores below “B-” according to Fitch and Standard & Poor’s classification and “B3” according to Moody’s classification will be able to apply. For Russian loans.
In addition, countries in the low credit risk group of the OECD will also be able to receive loans.
5 December reportedInternational rating agency Moody’s lowered China’s credit rating outlook for the first time since 1989. Also Moody’s changed The rating outlook for the USA is negative. November 14 US Treasury He did not accept Moody’s decided to lower the debt outlook. Also Fitch left Ukraine’s credit rating is at pre-default level.
Formerly G7 trade heads known The need for WTO reforms.