Ratings agency reports decision to downgrade sovereign credit rating due to Russia’s weakened economic growth prospectsRussia’s sovereign credit rating has been cut to below investment grade with a negative outlook by ratings agency Standard & Poor’s, which says Russia’s economic growth prospects have weakened.The downgrade, from BBB- to BB+, marks the first time in more than 10 years that Russian sovereign debt has been rated below investment grade, in what some call “junk” territory. … …read more
Source: The Guardian
