February 05, 2007 |
|Russian analysts believe that a 1998 scenario is unlikely to be repeated on emerging markets now. In their opinion, only local crises are possible. Moreover, the Russian stock market now has a support mechanism as oligarchs' money is getting repatriated and businessmen begin to invest heavily in the economy. While oil price fluctuations are believed to be highly speculative and volatile, investors are also zeroing in on developments on the Chinese market, with specific interest in portfolio investment in the country.|
Experts also commented on the lowering of standards for being assigned investment ratings, where very few countries remain with non-investment grade ratings.