April 25, 2014 BY Gerald Segal

Russia downgraded by S&P to near-junk status – good for Russia FX volumes?

The leading credit rating agency has injected more volatility into an already volatile situation. Global credit rating agency Standard & Poor's (or S&P for short) has downgraded its ratings of Russian foreign debt to BBB-, just one notch above 'junk' status, keeping its outlook negative. S&P backed its decision by continued capital outflows from Russia, as…

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