Russia, China to create joint rating agency

[Syt]

http://uk.reuters.com/article/2014/06/03/russia-china-ratings-idUKL6N0OK1HS20140603?feedType=RSS&feedName=rbssFinancialServicesAndRealEstateNews

Russia, China to create joint rating agency

(Reuters) - Russia and China have reached an agreement to create a joint rating agency that will begin its work by evaluating common investment projects, Russian Finance Minister Anton Siluanov said on Tuesday.

Speaking during a trip to China, Siluanov told journalists that the new agency will be modelled on existing rating agencies.

"We would like (the agency's) ratings to be apolitical," Siluanov said in comments sent by the ministry's press service.

In late April, Standard and Poor's rating agency cut Russia's sovereign rating to a notch above junk, just weeks after Moscow annexed Ukraine's Crimea peninsula

[DGuller]

Yeah, that's going to work out well.

[Ed Anger]

Turnips given AAA rating

[Viking]

That just tells me that they think ratings should be political and consequently they want a ratings agency to give them politicized ratings

[CountDeMoney]

Ed and I have rated each other accordingly. :jeffandakbar:

[mongers]

"The West Sucks"

See,that wasn't so hard; wonder if I could sell them this confidential rating for a couple of million ?   

[CountDeMoney]

It'll be amusing to watch when China pulls the plug on them, as they always do.

[Ed Anger]

Ed and I have rated each other accordingly. :jeffandakbar:

I had you at AAA, but I saw those nasty comments about me.