S&P lowered Russian rating to CCC-

S&P lowered Russian rating to CCC-

The international rating agency S&P downgraded the long-term sovereign rating of Russia in foreign currency from BB+ to CCC-and the long-term rating in the national currency from BBB-to CCC-, the rating agency said on its website.

Ratings are placed into the CreditWatch list with the negative outlook, S&P said.

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