Economic News

S&P Downgrades Russia’s Credit Rating to Junk

US-based credit rating agency Standard & Poor’s has cut Russia’s sovereign rating to BB+, leaving it below investment grade for the first time in a decade. Moscow termed the decision "overly pessimistic." The ruble fell from 66.3 to over 69 per dollar. . . . → Read More: S&P Downgrades Russia’s Credit Rating to Junk