Big Three
S&P Cuts Russia's Rating to One Notch Above Junk
Standard and Poor's has cut Russia's credit rating from BBB to BBB-, lowering it for the first time in five years.
The agency has kept its negative outlook on the Russian economy, as the Wall Street Journal reported.
After the step by S&P, Russia's rating is now just a step above "speculative" or "non-investment" grade.
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