Russia 'has deteriorated significantly' as Fitch cuts credit rating

[barryqwalsh]

Fitch has downgraded Russia's credit rating and painted a horrific picture of a struggling economy rocked by a collapsing rouble, falling oil prices, high inflation and declining international reserves.

The ratings agency cut the country to BBB- from BBB with a negative outlook, meaning further downgrades are possible.

But it was the language Fitch used in its reasoning that was most shocking.

Russia has deteriorated significantly as Fitch cuts credit rating - Telegraph

 

[Igrok_]

Everything will be ok with Russia.

 

[Tom Sweetnam]

"horrific", "collapsing", "struggling", "rocked", "shocking"

That's some serious hyperbole for a three-sentence post, don't you think? I thought you were talking about the Battle of Stalingrad there for a minute.

 

[TheOldSchool]

Repubs will deny at all costs that their hero Putin and his country are struggling in any way.

 

[I.P.Freely]

Well done the EU and President Obama. The pencil is mightier than the sword.

 

[FA_Q2]

Well done the EU and President Obama. The pencil is mightier than the sword.

Didn't bother to even read the link, did you.

The plummeting oil prices have been at least as damaging if not MORE than the sanctions. I also notice that for all its 'might' Russia still claims Crimea as its own.