RussiaRussia / Ukraine Conflict

Credit rating cut to just above junk grade

17 Oct, 2014

Moody’s Investors Service cuts its rating on Russian government debt to Baa2, the second ratings notch above speculative grade. The outlook on the credit rating is Negative. It cites ‘increasingly subdued medium-term growth prospects,’ exacerbated by the Ukraine crisis. Low oil prices and other factors also contribute.

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