S&P cuts Russia's credit rating (9)

The Hindu 2014.04.25 10:39
AP The Standard & Poor's credit agency on Friday cut Russia's credit rating for the first time in more than five years, citing the capital flight and risk to investment in the wake of the Ukraine crisis. Russia's economic growth slowed to 0.8 percent in the first quarter - sharply worse than earlier forecast - while spooked investors pulled about $70 billion out of the country in 2013.
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