Tag: S&P

Standard & Poor's has downgraded Russia's credit rating to "selective default" after Russia attempted to pay foreign bond payments in rubles instead of dollars. The move suggests Russia is likely to default on external loans for the first time in over a century, impacted by international sanctions related to the Ukraine conflict. - EXCERPT: Provides context and key information within 100 words - Uses relevant keywords: S&P, Russia, default, sanctions, Ukraine