Russian finance ministry states ranking cuts are geopolitical

A signal is on display screen outdoors Russia’s Finance Ministry developing in Moscow, Russia March thirty, 2021. A signal reads: “Ministry of Finance of the Russian Federation”. REUTERS/Maxim Shemetov/File Image

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MOSCOW, Feb 26 (Reuters) – Russia’s finance ministry explained on Saturday that the sovereign ranking lower by Conventional and Poor’s and a go to critique the country’s ranking by Moody’s have been connected to geopolitical variables.

Russia’s invasion of Ukraine induced a flurry of credit rating ranking moves on Friday, with S&ampP decreasing Russia’s ranking to ‘junk’ standing and Moody’s placing it on critique for a downgrade to junk. read through additional

The finance ministry explained in a assertion that Russia remained fiscally secure and would go on adhering to prudent economical and funds coverage.

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Reporting by Olzhas Auyezov Modifying by Sam Holmes

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