Putin is happy with results of Economic Council meeting — KremlinBusiness & Economy May 26, 17:29
Moscow to judge on new Turkish government by its deeds — foreign ministryRussian Politics & Diplomacy May 26, 16:56
Lavrov will take part in conference on Russia-Chinese relations in MoscowRussian Politics & Diplomacy May 26, 16:54
Russian government cannot sell stake in Rosneft on public market — KremlinBusiness & Economy May 26, 16:22
Russian diplomat denies links between Savchenko case and Minsk-2 agreementsRussian Politics & Diplomacy May 26, 16:13
Moscow expects liquidation of Taliban leader to worsen situation in AfghanistanRussian Politics & Diplomacy May 26, 16:07
Russian Foreign Ministry: No accords exist on OSCE police mission in UkraineRussian Politics & Diplomacy May 26, 15:55
Palestinian unity important for Palestinian-Israeli settlement — LavrovRussian Politics & Diplomacy May 26, 15:54
Investment capacity of the Central Federal District explored at a meeting in TulaPress Releases May 26, 15:48
MOSCOW, March 18. /TASS/. Moody’s Interfax Rating Agency, a joint-venture between Moody's Investors Service, a subsidiary of Moody's Corporation, and the Interfax Information Services Group, has withdrawn its Russia national scale ratings, the agency reported Friday. Moody's Interfax Credit Rating Agency specialized in credit risk analysis in Russia.
"Moody's has withdrawn the ratings for its own business reasons," the report said.
Earlier Moody’s Investors Service announced its decision to withdraw national scale ratings (NSR) in Russia. "This decision was taken in light of legislative changes and other potential restrictions applicable to the business of providing NSRs in Russia," Moody’s said.
The agency plans to close Moody’s Interfax Rating Agency. Its operations will stop after withdrawal of Russian national scale ratings.
However, the rater plans to retain its local presence in Russia and will continue to provide Global Scale Ratings to customers in the country and in other states in the region.
In end-February another global rating agency Fitch said it could withdraw national scale ratings of local companies in order to avoid the contradiction between the Russian and international legislation.