Direxion Daily Russia Bear 3X (RUSS)

[Patriot1776]

Russia placed on CreditWatch Negative at S&P • 2:05 AM
Yoel Minkoff, SA News Editor
Russia may lose its investment-grade credit rating for the first time in a decade after Standard & Poor’s placed the country on CreditWatch Negative.
The move "stems from what we view as a rapid deterioration of Russia’s monetary flexibility and the impact of the weakening economy on its financial system," the agency said in a statement.
S&P will resolve the CreditWatch upon the conclusion of its review, which is expected by mid-January.