Fitch downgrades Russia outlook to negative over Ukraine crisis | Bangkok Post: news

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Fitch downgrades Russia outlook to negative over Ukraine crisis

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The Fitch ratings agency on Friday revised its outlook for Russia to negative from stable after the United States slapped new sanctions against Russian officials amid the Ukraine crisis. 

Russian soldiers patrol the area around a Ukrainian military unit in Perevalnoye, outside Simferopol, on March 20, 2014

"The revision of the outlook to negative reflects the potential impact of sanctions on Russia's economy and business environment," Fitch said in a statement.

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