BREAKING : S&P downgrades Russia to BBB- amid capital outflows - Kedai Saham
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Friday, April 25, 2014

BREAKING : S&P downgrades Russia to BBB- amid capital outflows

Standard & Poor's cut its foreign and local currency rating on Russia, as capital continues to flow out of the country amid heightened tensions with the West, risking Russia's growth prospects.

S&P has downgraded Russia's foreign currency rating to one notch above "junk" status to 'BBB-/A-3' from 'BBB/A-2', as well as cutting local currency local-currency long-term rating to 'BBB' from 'BBB+'. 

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