BBC News - Russia's currency ratings downgraded by S&P
Fill yer boots.
The credit ratings agency Standard & Poor's has cut Russia's foreign currency ratings to one notch above "junk" status.
The move comes as foreign investors continue to take money out of the country amid tensions over Ukraine.
S&P downgraded Russia's foreign currency rating to 'BBB-/A-3' from 'BBB/A-2'
Russia's central bank also raised its key interest rate on Friday from 7% to 7.5%.
The move comes as foreign investors continue to take money out of the country amid tensions over Ukraine.
S&P downgraded Russia's foreign currency rating to 'BBB-/A-3' from 'BBB/A-2'
Russia's central bank also raised its key interest rate on Friday from 7% to 7.5%.
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