| As Russia took full control over Crimea over the weekend, the situation turned even worse with the U.S. and European Union imposing various tough sanctions against the country. This has raised the possibility of Russia being trapped in recession this year, and likely sometime soon, compelling many rating agencies to downgrade their outlook on Russia.
This is particularly true as the two major rating agencies – Standard & Poor’s and Fitch Ratings – each reduced their credit rating outlook on Russia from stable to negative....................................Full Article: Source
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