Russia says will like UST even if U.S. rating cut

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Russia says will like UST even if U.S. rating cut

posted on Jun 07, 2009 10:01AM

http://www.nationalpost.com/

Canadian cities angered over "Buy American" rule

http://www.reuters.com/

Russia says will like UST even if U.S. rating cut

Sat Jun 6, 2009 9:50am EDT

ST PETERSBURG, Russia, June 6 (Reuters) - U.S. Treasuries will not become a less attractive investment even if the U.S. sovereign rating is cut, Russian Finance Minister Alexei Kudrin was quoted as saying on Saturday.

"The U.S. rating can be revised (downwards) but ... I think this will not reduce the attractiveness of U.S. Treasury bonds, they will still be among the most liquid," Russian agencies quoted Kudrin as saying.

Russia holds the world's third largest gold and forex reserves, and 30 percent of the money is kept in U.S. Treasuries. (Writing by Toni Vorobyova)

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