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https://i-invdn-com.investing.com/trkd-images/LYNXMPEI1P022_L.jpg(Reuters) – Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’.
The sanctions announced on Russia could have significant direct and second-round effects on its economic and foreign trade activity, and financial stability, S&P said.