Russia rating to stay in junk for 'for a year or two at least' - S&P

Russia's sovereign credit rating will likely remain in junk territory for "a year or two at least", the S&P Global agency said on Monday. "We think the rating will remain for a year or two, at least, in the non-investment grade world," Moritz Kraemer, S&P's head of sovereign ratings, told Reuters. "Russia has the long-entrenched problem of a lack of economic dynamism and diversification.