Standard & Poor’s has Downgraded Russia’s Ratings

AO UniCredit Bank
Summary: 
Russia Foreign Currency Ratings lowered to BBB-/A-3 on risk of marked deterioration in external financing.
Fri, 25/04/2014

Dear Client,

The international rating agency Standard & Poor’s has downgraded Russia’s long-term foreign currency sovereign credit rating from BBB to BBB-. The ratings outlook is ‘negative’.

Russia’s long-term local currency rating was also reduced from BBB+ to BBB. The country’s short-term foreign currency rating was reduced to A-3.

Impact on investors: For information purposes only.