MOSCOW, November 26 (RIA Novosti) - Standard...

At the same time, S&P kept Alrosa's short-term credit rating at B, with the company's ratings remaining on Credit Watch with negative implications.

Alrosa earlier reported that its net profit calculated to Russian Accounting Standards fell 62.3% year-on-year in January-September 2008 to 3.54 billion rubles ($131 million).

Alrosa, which accounts for 97% of Russian and 25% of global diamond output, produced diamonds worth $2.37 billion in 2007. The Russian government holds a 50.9% stake in the company.