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S&P downgrades Russia credit rating to "junk" status

It sees Russian economy contracting 2.6% in 2015 on oil price's fall and sanctions

Moscow

STANDARD And Poor's stripped Russia of its investment-grade rating on Monday, cutting it to "junk" status with a warning of weak growth and banks.

"The downgrade reflects our view that Russia's monetary policy flexibility has become more limited and its economic growth

sentifi.com

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