- Moody's on Friday cut its government bond rating on Russia, placing it just one notch above junk, citing the effects of plunging oil prices and the ruble.
- "In the review for further downgrade, Moody's will assess the resiliency of the government's balance sheet, in particular its foreign currency reserves cushion," the ratings agency announced.
- The downgrade brings Moody’s ratings on Russia in line with those from Standard & Poor’s and Fitch.
- ETFs: RSX, RUSL, RUSS, RSXJ, ERUS, RBL
- Previously: Russia placed on CreditWatch Negative at S&P
- Previously: Fitch downgrades Russia to one notch above junk