Thursday, February 05, 2009

Russia's Debt Rating Downgraded to Near 'Junk' Status

For the first time in more than a decade, Russia’s debt rating was downgraded by Fitch Ratings –to two notches above ‘junk’ status– largely due to falling oil prices and the sliding value of the ruble.

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6-2-2026

Quote of the day by Oracle co-founder Larry Ellison: "Citizens will be on their best behavior, because we’re constantly recording and r...