| Author (Person) | Treanor, Jill |
|---|---|
| Series Title | The Guardian |
| Series Details | 26.01.15 |
| Publication Date | 26/01/2015 |
| Content Type | News |
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Russia’s credit rating was downgraded to junk status for the first time in a decade by the tatings agency Standard & Poor’s on 26 January 2015, due to the collapsing oil price, the tumbling value of the rouble and sanctions imposed because of its intervention in Ukraine. The agency stated the downgrade had been caused by the country’s reduced flexibility to cut interest rates and a weakening of the financial system. On the same day, Russian president Vladimir Putin held a meeeting with the government to discuss its anti-crisis plan, worth 1.4 trillion roubles ($20bn). This plan was set to be approved on 27 January 2015 by the parliament. |
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| Source Link | Link to Main Source http://www.theguardian.com/business/2015/jan/26/russia-downgraded-junk-status-decade-credit-rating |
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| Countries / Regions | Russia |
