Contents tagged with Russian Credit Rating
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Standard and Poors confirms Russia's junk credit rating.
Standard & Poor’s kept Russia’s credit Rating at BB+ level, below investment grade.
The rating was initially cut down to junk level at the end of January 2015.
S&P stripped Russia of its investment grade in January for the first time in a decade as plunging oil prices and sanctions over the conflict in Ukraine push the world’s largest energy exporter into its first recession since 2009. The penalties have locked Russian corporate borrowers out of international debt markets, spurred capital …