US/NATO War on Russia

[Magda Hassan]

S&P Cuts Russia to Step Above Junk, Outlook Negative

By Anna Andrianova April 25, 2014 3:32 AM


Russia's sovereign debt rating was cut to the lowest investment grade at Standard & Poor's, which said further downgrades are possible if economic growth deteriorates and the conflict in Ukraine sparks wider sanctions.
S&P cut Russia's rating one step to BBB-, it said in a statement today. The grade, on par with Brazil and Azerbaijan, has a negative outlook. S&P last downgraded Russia in December 2008. Russia's currency and bonds fell.

I find to hard not to conclude that S & P (and perhaps the other ratings agencies too) are willing dupes of Uncle's economic warfare department.

But that's just me, I guess.

I think they are perfectly willing tools and hope to make a killing on it at the same time working their HFT voodoo on the markets.