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externalS&P downgrades Russia's rating closer to debt default.

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March 18, 2022 10:24 amby The Kyiv Independent news desk

The rating agency lowered Russia's rating from CCC- to CC as Russia struggles to pay its debts on its Eurobonds. Sanctions have reduced the country's available foreign exchange reserves and restricted its access to the global financial system.

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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
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