S&P downgrades Russia's credit rating to junk

Ouch, or trying to head them off at the bank line?

http://www.blacklistednews.com/S%26P_downgrades_Russia%27s_credit_rating_to_junk/41236/0/38/38/Y/M.html

S&P downgrades Russia's credit rating to junk

Standard & Poor's on Monday downgraded Russia's sovereign credit rating to below investment grade, as the country's economy continues to weaken. S&P slashed Russia's sovereign credit rating to BB+ from BBB- and said the outlook is negative, reflecting its view that Russia's monetary policy flexibility could diminish further.