Search results for "CIS"



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INTERVIEW-S&P may cut oil countries' ratings to reflect "new reality"

The plunge in oil prices since mid-2014 has brought a blizzard of downgrades, including for Russia and Brazil, which have been stripped of investment grade, number one producer Saudi Arabia, and Venezuela, where the oil rout has raised fears of a sovereign default. "We had an important number of downgrades last year in Africa, the Middle East and the CIS, and if our...
Source: Reuters | By: Marc Jones
FACTBOX-Foreign exchange regimes around the world

LONDON, Jan 13- Tumbling commodity prices, slowing growth and gaping fiscal holes have forced many countries to loosen or scrap their currency pegs, and pressure is mounting on those that remain, such as Saudi Arabia. CIS: Pressure has mounted on fixed exchange rates in the nine-member bloc of ex-Soviet countries after Russia switched to a freely floating...
Source: Reuters