Russia's Ruble Down on Rating Downgrade

January 27, 2015 8:47 AM

4 0

The Russian currency is on the way down after a top ratings agency cut Russia's credit rating to junk.

Standard & Poor's downgraded Russia's rating to BB-plus, a non-investment grade, for the first time since 2004, citing a slide in the ruble and weakening revenue from oil exports.

Also read: Najdawi scores 30 to lead The Citadel past Colgate 108-101

Read more

To category page

Loading...