Russias credit rating cut to BBB- Any more and their rating will be "Junk". - Polidicks

[img]http://www.bloomberg.com/image/iFEW1BQ5q4GA.jpg[/img] [quote]Russia’s sovereign debt rating was cut to the lowest investment grade at Standard & Poor’s, which said further downgrades are possible if economic growth deteriorates and the conflict in Ukraine sparks wider sanctions. S&P cut Russia’s rating one step to BBB-, it said in a statement today. The grade, on par with Brazil and Azerbaijan, has a negative outlook. S&P last downgraded Russia in December 2008. Russia’s currency and bonds fell. “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,” S&P said in the statement. The U.S. and its allies have a list of additional sanctions ready and will enact them if there is no progress de-escalating the crisis in Ukraine, where security forces are moving against pro-Russia separatists in the country’s east, U.S. President Barack Obama said yesterday in Tokyo. Last month, Russia was placed on review for a downgrade by Moody’s Investors Service and Fitch Ratings cut its outlook to negative. Russia’s dollar bonds due April 2020 fell for a fifth day, lifting the yield 13 basis points to 4.90 percent, the highest since March 17. The ruble weakened 0.6 percent against the dollar to trade at 35.9800 at 11:28 a.m. in Moscow. It has declined 8.6 percent this year, the second-worst performance among 24 emerging-market currencies tracked by Bloomberg.[/quote] [url]http://www.bloomberg.com/news/2014-04-25/russia-s-rating-cut-to-bbb-by-standard-poor-s.html[/url] Let's hope the Russians see sense, before their economy starts to go into severe retraction.

Meanwhile, Ukraine's credit rating is already C- according to S&P

See sense? No. They'll disregard it as a US conspiracy.

Won't change anything, just more propaganda for Putin about how it's all a Western conspiracy.

Today I also just learned that Russia has a smaller economy than Italy. [img]http://i.gyazo.com/32632c920022adeb03cb8adb4812117b.png[/img] hehehehehe

[QUOTE=Reshy;44641227]Won't change anything, just more propaganda for Putin about how it's all a Western conspiracy.[/QUOTE]He doesn't have the power he does merely by virtue of his pecs, he does have to rely on people who are going to be hurt by things like this.

It's like Democracy 3 in real life except Russia isn't in Democracy 3 since it's barely a democracy.

I feel really bad for my friends in Russia who are going to get fucked by their shit government.

[QUOTE=Sobotnik;44641234]Today I also just learned that Russia has a smaller economy than Italy. [img]http://i.gyazo.com/32632c920022adeb03cb8adb4812117b.png[/img] hehehehehe[/QUOTE] We've got a smaller economy than the fucking state of California. But then again, most of the world does. [editline]25th April 2014[/editline] Really, California could very well be a separate country. Where does all that money come from, is there that much industry there?

[QUOTE=maxumym;44641305]We've got a smaller economy than the fucking state of California. But then again, most of the world does. [editline]25th April 2014[/editline] Really, California could very well be a separate country. Where does all that money come from, is there that much industry there?[/QUOTE] Silicon Valley is in California, very big factor. Our world is the way it is because of what happens over there.

[QUOTE=maxumym;44641305]We've got a smaller economy than the fucking state of California. But then again, most of the world does. [editline]25th April 2014[/editline] Really, California could very well be a separate country. Where does all that money come from, is there that much industry there?[/QUOTE] Hollywood companies make a lot of money, since, you know, most movies these days are made there

[QUOTE=maxumym;44641305]We've got a smaller economy than the fucking state of California. But then again, most of the world does. [editline]25th April 2014[/editline] Really, California could very well be a separate country. Where does all that money come from, is there that much industry there?[/QUOTE] Silicon valley, one of two places that produces citrus for the US, Hollywood, largest supplier of grapes for the US. Just the ones off the top of my head. Also it practically is a separate country, they do pretty much their own thing. Their laws and regulations are somewhat different compared to the rest of the country. IIRC there's a border check for fruits and vegetables, since they don't want diseases being transported in to infest their crops. [editline]25th April 2014[/editline] [QUOTE=Laserbeams;44641373]Hollywood companies make a lot of money, since, you know, most movies these days are made there[/QUOTE] Hate to be that guy, but the US doesn't make that many. Nigeria and India actually make a buttload more movies than Hollywood does.

California also makes 90% of America's wine, and the USA is the 4th largest producer of Wine in the world.

I didn't realize you could double/triple letters ON TOP of adding a + or a -, for anything other than "above A+" it sounds like vague empty threats with facts made up by third graders [quote][media]http://www.youtube.com/watch?v=XY3BnNGsNwk[/media][/quote]