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S&P downgrades Russia's credit rating to junk
S&P on Monday downgraded Russia’s credit grade to junk status.
Rating agency Standard & Poor’s downgraded Russia’s credit rating to the speculative BB+ grade from BBB-. Analysts say that the decision of the rating agency was politically motivated.
The speculative level means that securities that a BB+ state issues can only be good for short-term transactions to earn on their...
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