Major Credit Agency Cuts Russia’s Economic Forecast As The Oil Price War Rages
By Tsvetana Paraskova Fiscal buffers and improved policy response will not materially weaken Russia’s credit profile at a time of low oil prices, Moody’s said in a new report, although it cut its estimate for Russia’s economic growth this year on the back of the slumping oil prices and the coronavirus-driven economic slowdown. Moody’s revised down on Wednesday … Read more