S&P Downgrades Russia’s Outlook To Negative

ASSOCIATED PRESS

Standard & Poors, one of the biggest credit ratings agencies, announced Thursday it was downgrading Russia’s outlook to negative from stable, Bloomberg reported.

The move comes after the U.S. and Russia traded escalating sanctions on top government officials over the invasion and annexation of the Ukrainian Crimea.

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Igor Bobic is the assistant editor of Talking Points Memo, helping oversee the site's coverage of politics and policy in Washington. While originally from Bosnia and Herzegovina, Igor feels best at home on the beaches of Southern California. He can be reached at igor@talkingpointsmemo.com.
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