Moody's: Subdued recovery and external vulnerabilities drive negative outlook for CIS sovereigns in 2017
Frankfurt am Main, January 11, 2017-- The stabilization of oil prices has eased the direct and indirect economic and fiscal pressures on the nine rated sovereigns in the Commonwealth of Independent States region. Still, the region's overall credit outlook for 2017 is negative, driven by subdued economic recovery, external vulnerabilities in those countries with high foreign currency debt and the likelihood that political considerations will delay structural reforms that...
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