Russia stocks higher at close of trade; MOEX Russia Index up 1.84%

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• Ingram Micro jumps after securing spot in S&P SmallCap 600

  The technology distributor gained significant market momentum following the announcement of its upcoming benchmark entry. Inclusion in major market indexes frequently triggers automated buying from institutional funds and exchange-traded products tracking the basket. This transition marks a key milestone for the company as it secures expanded visibility among institutional investors.

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• Fitch cuts BlackRock TCP to ’BB-’ on asset quality woes and strategic uncertainty

  Fitch Ratings has downgraded BlackRock TCP to "BB-". The credit rating agency cited challenges with asset quality and ongoing strategic uncertainty as the primary drivers behind the reduction.

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• Moody’s cuts Builders FirstSource to Ba2 on housing slump and rising leverage

  Credit analysts are reassessing the building supplier's financial stability as broader residential market headwinds continue to constrain performance. The ratings agency cited an increase in leverage alongside a downturn across the housing sector as the primary drivers behind the adjustment. This downgrade underscores ongoing structural pressures on construction industry balance sheets during cyclical slowdowns.

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