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LONDON, January 29. /TASS/. The international rating agency Standard&Poor's (S&P) has downgraded ratings of Moscow and St.Petersburg (Russia's second largest city) from "BBB-" to "BB+", with negative outlook.
The rating of Russia's nanotechnology corporation Rusnano has been downgraded from "BB" to "BB-" with stable outlook.
S&P also downgraded Russia's VEB bank rating from "BBB-" to "BB+".
The agency on Monday downgraded Russia's sovereign rating to “BB+” due to the ruble’s high volatility and the weakening economy.