standard_and_poors_sign_on_buildingI usually pay no attention to these things, BUT, I've A Feeling that THIS represents a "trigger point" of some importance. Dahboo77 also had a short video about this, and I include that as well.

What will it trigger? What will happen? We shall see.

The text of the article is included, in case any wish to read it here.

"As the West ramps up economic threats against Russia, policymakers in Moscow are preparing colossal changes to their role within the global financial structure.

"Russia hopes to create its own ratings agency, independent of the western "big three" - S&P, Moody's, and Fitch, in an effort to break the world monopoly of rating systems.

"Over-reliance on the western financial paradigm has caused Moscow great pain- especially the US decision to wind down its asset buying program, which has had a negative effect on emerging markets worldwide."


http://youtu.be/GG0O8nTEzlo

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Ukraine drag: S&P cuts Russia's credit rating to step above junk

For the first time in five years Standard & Poor's has cut Russia's credit rating to 'BBB-', just above junk status. It warns the tension in Ukraine and 'significant' capital outflow could mean another downgrade. Moscow says it is "politically motivated."

"In our view, the tense geopolitical situation between Russia and Ukraine could see additional significant outflows of both foreign and domestic capital from the Russian economy and hence further undermine already weakening growth prospects," the ratings agency warned.

The last time S&P downgraded Russia was in December 2008.
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