03-08-2022, 10:58 PM
https://www.reuters.com/markets/europe/f...2022-03-08
Fitch on Tuesday downgraded Russia's sovereign rating by six notches further into the junk territory to C from B, saying a default is imminent as sanctions and trade restrictions have undermined its willingness to service debt.
The country's financial markets have been thrown into a turmoil by Western sanctions after it invaded Ukraine, raising significant concerns over its ability and willingness to service debt.
Morgan Stanley pegs that date at April 15 https://fortune.com/2022/03/08/morgan-st...venezuela/)
Fitch on Tuesday downgraded Russia's sovereign rating by six notches further into the junk territory to C from B, saying a default is imminent as sanctions and trade restrictions have undermined its willingness to service debt.
The country's financial markets have been thrown into a turmoil by Western sanctions after it invaded Ukraine, raising significant concerns over its ability and willingness to service debt.
Morgan Stanley pegs that date at April 15 https://fortune.com/2022/03/08/morgan-st...venezuela/)