Russia’s credit rating cut 6 levels to junk by Fitch, more downgrades possible

March 03, 2022 6:56 AM

NEW YORK (BLOOMBERG) – Russia’s credit rating was cut six levels to junk by Fitch Ratings, which said the severity of international sanctions in response to the country’s invasion of Ukraine could undermine its capability and willingness to service debt.

Source : https://www.straitstimes.com/business/economy/russias-credit-rating-cut-6-levels-to-junk-by-fitch-more-downgrades-possible