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Standard & Poor’s

World news about “Standard & Poor’s” published by euronews.

26/01 22:45 CET

S&P cuts Russia credit rating to ‘junk status’

S&P cuts Russia credit rating to ‘junk status’

Ratings agency Stand and Poor's has downgraded the outlook for Russia's sovereign credit rating to junk status. For the first time in a decade that's below investment grade. That could not only harm Russia's image among investors but push up its borrowing costs. Warning of…