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Markets

World news about “Markets” published by euronews.

27/01 15:11 CET

Markets mostly not fazed by S&P’s downgrading of Russia’s credit rating to junk level

Markets mostly not fazed by S&P’s downgrading of Russia’s credit rating to junk level

There was a muted reaction on Russia's financial markets to Monday's downgrade of the country's sovereign credit rating by the Standard & Poor's ratings agency. The rouble fell and the cost of borrowing rose for the Russian government, but investors had anticipated the…