What The Credit Downgrade To 'junk' Means For Russia

MOSCOW — Russia has seen its credit grade cut to "junk" status for the first time in over a decade, a big blow for a country that wants to be a world economic power. The downgrade by Standard & Poor's reflects the country's growing economic problems, such as the collapse in the value of its oil exports and the impact of Western sanctions.

Topics:  moscow    russia   standard    poor   western   credit   downgrade   junk   country   economic   
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