Credit rating agency

S&P keeps Greece on creditwatch negative

Standard & Poor?s retained Greece?s sovereign ratings at B- and on creditwatch negative for the next couple of months on Friday.

The ratings agency commented that the country?s position in terms of liquidity is deteriorating, «requiring additional funding commitments in the second quarter."

It also pointed to the lack of a clear funding plan, short- or long-term.

S&P Downgrades Russia's Credit Rating to `Junk`

The US rating agency Standard & Poor's (S&P) has downgraded Russia's credit rating to junk, which is below investment grade.

Russia's credit rating has been lowered to such a level for the first time in a decade, Bloomberg reports.

Having a rating of BB+, Russia is on a par with Bulgaria and Indonesia, which makes it difficult for Moscow to borrow money from investors.

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