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Rating agencies Fitch and Moody's both slashed Russia's credit rating by six notches to "junk" status as a result of the Western sanctions.

by The Kyiv Independent news desk March 3, 2022 2:12 PM 1 min read
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Rating agencies slashed Russia's credit rating by six notches as a result of the Western sanctions. S&P downgraded Russia's credit last week. Moody's stated that the sanctions went beyond expectations. Fitch expects more sanctions on Russian banks in the future.

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