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S&P's has placed the ratings of Russian diamond miner Alrosa
S&P's has placed the ratings of Russian diamond miner Alrosa and rail monopoly Russian Railways (RZD) on the CreditWatch list with a negative outlook, the international rating agency said on Monday.

S&P's said the move follows a decision by Alrosa and RZD to buy a 45% stake each in Russia's troubled investment bank KIT Finance.

KIT Finance, the biggest player in Russia's domestic debt market, said in September it was in talks with a strategic investor to try and overcome liquidity difficulties, which emerged following sharp declines in the stock market and the global credit crunch.


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