Live Update 
From the Liveblog of
Thursday, March 3, 2022
From the Liveblog of
Thursday, March 3, 2022
S&P Global Ratings downgrades Russia to ‘CCC-‘ on Ukraine war
Add ToI as a Preferred Source on GoogleS&P Global Ratings have downgraded Russia’s debt rating to “CCC-,” citing Western sanctions imposed on Moscow over its invasion of Ukraine that the agency said increased the risk of default.
“The downgrade follows the imposition of measures that we believe will likely substantially increase the risk of default,” S&P Global Ratings says.
“Among these are capital controls introduced by authorities that aim at shielding the ruble from the impact of severe economic sanctions while preserving remaining useable reserve buffers.”
If you’d like to comment, join
The Times of Israel Community.
The Times of Israel Community.
JOIN THE TOI COMMUNITY
Already a member? Log in here