“Sick of getting downgraded, Russia is launching its own new rating company that will be immune to geopolitical risks.
‘The Russian market needs a strong credit rating agency with a high level of corporate governance and professional competence, capable of satisfying the interests of the economy [that is] authoritative enough for Russian and foreign investors,’ according to statement released by the Central Bank of Russia on Friday.”
Source: Russia to launch credit rating agency that won’t factor in geopolitical risks – Business Insider
