Russia ETFs Slide After S&P Downgrade
April 25, 2014 at 11:45 AM EDT
Shares of the Market Vectors Russia ETF (NYSEArca: RSX) slid 2.4% Friday to the fund’s lowest level in five weeks after Standard & Poor’s lowered its rating on Russian sovereign debt to BBB-, the lowest investment grade. It is the first time the ratings agency has downgraded Russia since 2008....
