Russia to ignore Western sovereign credit ratings when lending ...News

Russia Today - Economy
Russia to ignore Western sovereign credit ratings when lending
source : Russia Today ( News ) () 34
Moscow will no longer consider the assessments when making foreign loan decisions, effectively easing requirements for countries to borrow The Russian government will no longer base its foreign loan decisions on credit ratings compiled by Western agencies and the Organization for Economic Co-operation and Development (OECD). A corresponding decree was signed by Russian Prime Minister Mikhail Mishustin last week, and the document was later published on the government’s official portal. Poor credit ratings have historically hindered many nations in securing loans. Under the previous regulations, in order to receive

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