Russia's credit outlook cut to Negative at S&P

|By:, SA News Editor

"The outlook revision reflects our view of the material and unanticipated economic and financial consequences that EU and U.S. sanctions could have on Russia's creditworthiness following Russia's incorporation of Crimea," says S&P, reiterating Russia's BBB/A-2 rating, but cutting the outlook to negative from stable. "We expect that the EU and U.S. will impose further sanctions."

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