The latest from Moody's , this report on Russia.
- Russia's sovereign resilient to new US sanctions; some Russian debt issuers will be affected
- Russia's strong public and external finances will help to shield broader economy from impact of new US sanctions, protecting sovereign credit profile
- Say new US sanctions will be credited negative for some Russian debt issuers
- Expects that central government would increase support to regions that suffer a drop in revenues due to sanctions
- Russian banking system has sufficient earnings capacity to absorb credit losses from exposures to sanctioned companies
- Risks to Russia's sovereign credit profile from sanctions arise from likelihood of Russian entities being cut off from international capital markets
Moody's being cautious here , but probably going to be an unnecessary warning - here is what Greg posted on Monday...
- The WSJ is reporting that Pres. Trump is walking back plans for more economic sanctions on Russia.
