Breaking - Standards And Poors Downgrades Russia's Credit Rating To BBB-, One Notch Above Junk!!!

S&P Downgrades Russia to BBB-Minus, One Notch Above Junk
April 25, 2014 2:17 a.m. ET

Standard & Poor's Ratings Services cut its rating on Russia to one notch above junk, citing large capital outflows in the first quarter.

S&P cut its rating one level, to BBB-minus from BBB. It kept its outlook on the country negative, where it has been since March 20, when the ratings firm lowered it from stable in light of heightened tension in Ukraine and the prospect of economic sanctions.

"In our view, the tense geopolitical situation between Russia and Ukraine could see additional significant outflows of both foreign and domestic capital from the Russian economy and hence further undermine already weakening growth prospects," S&P wrote in its report...

[link to online.wsj.com]

Time for you Putin buttkissers to post a fawning picture of your beloved dictator, shirtless with his rock hard abs. We know how that makes you feel so good inside.

Not so good for Putin's deranged actions, everyone else who lives in Russia.