Economic

Russia to launch credit rating agency that won’t factor in geopolitical risks

“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

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