Russia to ignore Western sovereign credit ratings

The Russian

Moscow will no longer consider the assessments when making foreign loan decisions, effectively easing requirements for countries to borrow.

The Russian government will no longer base its foreign loan decisions on credit ratings compiled by Western agencies and the Organization for Economic Co-operation and Development (OECD). A corresponding decree was signed by Russian Prime Minister Mikhail Mishustin last week, and the document was later published on the government’s official portal.

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