Fitch downgraded Russia to BBB- with a negative outlook. Another downgrading mean the speculative value of Russian assets and vice versa lasting investment capital. The sharp decline in oil prices significantly revalued prospects of the Russian economy. Fitch analysts explain the significant increase in grade reduction in interest rates, while the lack of access by Russian banks and companies to Western capital markets. Thus, the negative outlook for Russia ratinu not surprising.
Moreover, the Russian market assets are treated as if fines already speculative value, evidenced by the value of the CDS - derivatives hedging the repayment of debt - credit default swaps. Russian bond insurance insolvency within 5 years is more expensive since the beginning of the year by 61 basis points. The value of the CDS to poor reliability of Russian assets.
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