In addition, Moody's noted that most freight rail transportation companies' revenues, operating and capital expenses are mainly in roubles, while their debt is either in roubles or hedged against rouble depreciation.
The effects on the credit profiles of Moody's rated Russian corporates would be positive to neutral under the scenario of a sustained 10% drop in the rouble to around RUB 36.
Adjusted free cash flow stood at 35 billion roubles in the second quarter, Rosneft said, slightly ahead of the first quarter.
18 trillion roubles, in line with expectations, while net debt soared to over $56 billion as of June 30 from $18 billion a year ago.
to the dollar - set before official trading was frozen on Tuesday - exchange booths were offering about 10 roubles
to the dollar.
While the temporary payment procedure may not be a perfect solution," said Price Waterhouse's Ratliff, "it provides expatriates with a means to acquire the roubles
needed and is certainly safer than carting a load of roubles
across Moscow with bodyguards.
appreciation bodes well for rouble
Russia is seeking to turn its rouble
into a regional reserve currency as one way of combatting volatility brought on by its dependence on world oil prices and, as a result, the dollar.
weakened on 3 March 2014 and shares on the Moscow Stock Exchange decreased.
NNA - The rouble
may have plunged 25 percent against the dollar so far this year, but some currency traders are betting on a further 10 percent drop in 2015 on the grounds that the currency is still expensive once trade and inflation are factored in.
has been pressured for months by falling oil prices, dollar strength and broad risk aversion to Russian assets due to Western sanctions over the Ukraine crisis.
Russia's central bank on Tuesday announced changes to the parameters of its rouble
intervention policy that reaffirm its commitment to moving towards a freely-floating currency.