: :inin Kyiv (EET)

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, the BBC reports.
Having a rating of BB+, Russia is on par with Bulgaria and Indonesia, which makes it difficult for Moscow to borrow money from investors.
S&P explained in a statement that the flexibility of the country’s monetary policy has become increasingly limited and the prospects for economic growth have weakened.
The country’s economy has been in free fall since the middle of last year due …read more

Source: Novinite

World press about Ukraine

This website is created to observe information about Ukraine in the world media. More information about press.uaposition.com you can read here

World press category: terms & conditions