Russian finance ministry says score cuts are geopolitical

An indication is on show exterior Russia’s Finance Ministry constructing in Moscow, Russia March 30, 2021. An indication reads: “Ministry of Finance of the Russian Federation”. REUTERS/Maxim Shemetov/File Picture

MOSCOW, Feb 26 (Reuters) – Russia’s finance ministry stated on Saturday that the sovereign score lower by Commonplace and Poor’s and a transfer to evaluation the nation’s score by Moody’s had been linked to geopolitical components.

Russia’s invasion of Ukraine triggered a flurry of credit standing strikes on Friday, with S&P decreasing Russia’s score to ‘junk’ standing and Moody’s placing it on evaluation for a downgrade to junk. learn extra

The finance ministry stated in an announcement that Russia remained financially secure and would proceed following prudent monetary and funds coverage.

Reporting by Olzhas Auyezov; Enhancing by Sam Holmes

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