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Moody’s expects further fall of Russian international reserves in 2015, but finds current amount of reserves substantial

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23.12.2014

LONDON, December 23. TASS. -- International rating agency Moody’s Investors Services has downgraded Russian bond and deposit ceiling: positions of foreign currency non-sovereign bonds were lowered to Baa2 from A3, foreign currency deposit ceiling was reduced to Ba1 from Baa2 and national currency bond and deposit ceiling is lowered by one notch from A3 to Baa1.

The agency reported that these changes were not rating actions and had no effect on Russia’s sovereign rating which stays at Baa2 with a negative outlook.

Moody’s expects further fall of Russian international reserves in 2015, but finds current amount of reserves substantial.

As of mid-December, Russian international reserves have made $414.6 billion, the Central Bank of Russia said.

Tass

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