Russia receives downgrade
Moody’s Investors Service announced last week that it was downgrading the outlook for the government of Russia’s debt rating to Baa2 from Baa1, putting Russia’s rating just one notch above a junk rating. Moody’s also maintains a negative outlook for the future of Russia’s ratings.

According to the release put out by Moody’s, the main reasons for the downgrade and negative outlook are Russia’s increasingly subdued medium-term growth prospects, exacerbated by the Ukraine crisis and the international sanctions associa...

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