Russia's rating affirmed at ‘BBB', outlook downgraded to ‘negative'

A credit rating of the Russian Federation was affirmed at BBB level by the Standard & Poor's Rating Service, while the agency downgraded the country's outlook from ‘stable' to ‘negative', according to a report showed on Friday. The outlook downgrade was a result of sanctions put on the country by the U.S. and the European Union after Russian incorporated Crimean peninsula.