S&P Cuts Russia To Junk, Ruble Plunges To 6-Week Lows…(Currency Wars Lead To Shooting Wars!)

by Tyler Durden
ZeroHedge.com
01/26/2015

With the Ruble having plunged 3 handles today alone, it appears perhaps more than a few could see this coming…

*RUSSIAN FEDERATION RATINGS CUT TO JUNK BY S&P (TO BB+ FROM BBB- BY S&P; OUTLOOK NEG)

Putting it below investment grade for the first time in a decade. Of course, one can’t help but wonder if the timing of the Russian ‘junking’ is mere coincidence with the $1.5bn settlement with the US DoJ over downgrading America. This comes on a day when The Russia Agriculcural Bank failed to sell 10Y bonds into the market. Russian stocks (ADRs) and the Ruble continue to slide on this news…

The Rest…HERE

This entry was posted on Monday, January 26th, 2015 at 2:18 pm and is filed under Economics, Government Evil, New World Order, World War 3?. You can follow any responses to this entry through the RSS 2.0 feed.