OREANDA-NEWS. Downgraded from BBB- to BB+ in National Currency and to BB in Foreign Currency

Expert RA Rating Agency (RAEX) downgraded Russia sovereign rating from A- ("High level of creditworthiness") to BBB+ ("Acceptable level of creditworthiness") in foreign and national currencies. Credit environment rating of the country was also downgraded from BBB- ("Acceptable quality of credit environment") to BB+ ("Sufficient quality of credit environment") in national currency and to BB ("Sufficient quality of credit environment") in foreign currency.

Decision on downgrade of sovereign credit rating and credit environment rating is related to the currency crisis posing a threat to the economic growth.

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