World

Apr 25, 2014 6:15 AM by Bob Grotenhuis

Ukraine Crisis Costing Russia

MOSCOW (AP) - The Standard & Poor's credit agency says it's concerned about the flight of capital and the risk to investment in Russia since the Ukraine crisis blew up late last year.

As a result, Russia's credit rating is being cut for the first time in more than five years.

The new rating is a step above junk level.

Credit rating determines the cost of international borrowing.

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