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Published on 4/28/2014 in the Prospect News Emerging Markets Daily.

S&P trims RusNano ratings

Standard & Poor's said it lowered its long-term issuer credit rating on RusNano to BB from BB+ and affirmed the B short-term issuer credit rating.

The outlook is negative.

At the same time, S&P lowered the Russia national scale rating on RusNano to ruAA from ruAA+.

The rating actions follow the downgrade of the Russian Federation (foreign currency BBB-/negative/A-3; local currency BBB/negative/A-2; Russia national scale ruAAA) on April 25.


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