US ratings agency Moody's out with their latest review on Russia 10 May 2016
- sees growth in current quarter and modest positive growth in 2017
- spill over from Russia's recession is contributing to slowdown in growth in all CIS countries
- Kazakhstan is the only CIS country that retains an investment-grade rating
- terms of trade shock related to Russia's recession drives negative credit outlook for 9 rates sovereigns in CIS region over next 2 years
- outlook assumes that regional growth will bottom out this year before recovering modest momentum next year. This is in line with expected mild upticks in commodity prices.
Earlier Eamonn had Moody's latest thoughts on China.
