Eurasian countries need own rating system – Putin ...News

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Eurasian countries need own rating system – Putin
Major US credit agencies have been accused of bias when it comes to assessing non-Western economies The Eurasian Economic Union (EEU) member states should establish a rating agency to provide adequate assessment tools for the region’s growing economic activity, Russian President Vladimir Putin has said. The proposal was made during a meeting of the Supreme Eurasian Economic Council in Moscow on Thursday. Currently, the market for international credit ratings is dominated by three US-based agencies: Moody’s Investor Services, Standard and Poor’s (S&P), and Fitch Group. Countries outside the West have accused them o

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