Ruble and Credit Ratings

credit ratings: At 0725 GMT, the ruble was around 0.8 percent down at 68.42 ruble per dollar and traded some 0.3 percent lower versus the euro at 77.52. , according to The Moscow Times. S P cut the credit ratings of several state-controlled Russian companies and leading banks, with energy companies Rosneft and Gazprom being downgraded to non-investment grade. The ruble fell and shares declined on Thursday after oil dropped more than $1 per barrel on global markets and Standard Poor rating agency cut the ratings of some of Russia top companies to junk. The dollar-denominated RTS index was 1.9 percent down at 755 points and the ruble-based traded 0.7 percent lower at 1,643 points. (news.financializer.com). As reported in the news.