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S&P downgrades Russia's credit rating to step above junk status
For the first time in five years Standard & Poor’s has cut Russia’s credit rating to ‘BBB-‘, just above junk status. It warns the tension in Ukraine and ‘significant’ capital outflow could mean another downgrade. Moscow says it is “politically motivated.”
“In our view, the tense geopolitical situation between Russia and Ukraine could see additional...
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