S&P cuts Russia's credit rating to junk

Natalie Kenway
clock

Russia's credit rating has been cut to junk status by ratings agency Standard & Poor's for the first time in a decade.

The cut to BB+ follows an extended difficult economic period for the region exacerbated by the tumbling oil price, which has halved in value since last summer. The country has also been struggling with...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Alexander Pelteshki and Colin Finlayson of Aegon Asset Management

Fixed income markets in 2022: Investing in the eye of the storm

Essential for investors to remain flexible

Colin Finlayson and Alexander Pelteshki
clock 25 January 2022 • 3 min read
Eugenia Unanyants-Jackson will start her new role on 1 February
ESG

PGIM creates global head of ESG role

Eugenia Unanyants-Jackson appointed

clock 25 January 2022 • 2 min read
Thu Ha Chow will be one of eight investment professionals in the Singapore office

Robeco hires for new head of fixed income Asia role

Thu Ha Chow joins from Loomis Sayles & Co

clock 25 January 2022 • 1 min read
Trustpilot