Live Update 
From the Liveblog of
Tuesday, March 8, 2022
From the Liveblog of
Tuesday, March 8, 2022
Fitch says Russia debt default ‘imminent’
Ratings agency Fitch on Tuesday again downgraded Russia’s sovereign debt rating farther into junk territory from “B” to “C,” saying the decision reflects the view that a default is “imminent.”
Like other major ratings agencies, Fitch had already slashed Russia’s rating earlier this month to “junk” status, or the category of countries at risk of not being able to repay their debt.
It justified the further downgrade by saying recent developments had “further undermined Russia’s willingness to service government debt.”
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