Moody’s and Fitch Ratings downgrade Russia’s credit rating

Moody’s and Fitch decided to downgrade Russia’s rating due to heavy economic sanctions.

Moody’s and Fitch, the giant credit rating agencies, downgraded Russia’s credit rating. Moody’s downgraded Russia’s long-term credit rating from Baa3 to B3, and Fitch from BBB to B due to heavy sanctions imposed by Western countries.

Russia’s rating will continue to be reviewed, with the possibility of a new discount.

Leave a Reply

Your email address will not be published.