S&P Downgrades Russia’s Outlook To Negative

Russian President Vladimir Putin attends the closing ceremony of the 2014 Winter Paralympics at the Fisht Olympic stadium in Sochi, Russia, Sunday, March 16, 2014. (AP Photo/Dmitry Lovetsky)
Start your day with TPM.
Sign up for the Morning Memo newsletter

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.

Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: