International rating can’t influence Russian economy – Central bank chief

Russia's Central Bank head does not think the decision to reduce the country's sovereign credit rating below investment grade will impact the Russian economy.

Russia's Central Bank head does not think the decision to reduce the country's sovereign credit rating below investment grade will impact the Russian economy.

"Our rating has not always been at investment grade," Elvira Nabiullina said on the Sunday Time program, broadcast to Russia's Far East. "We started growing in the 2000s, when our credit rating was below investment grade, but we finally reached it," she said.

Ratings may have an impact on the stock exchange, or financial markets, she said, "But one can't say they define the global situation in the economy in any way," she added.

 

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