International rating agency Standard & Poor’s on Tuesday, March 8, downgraded the credit ratings in foreign and national currency of 52 Russian companies and corporations to the mark “CCS-“. Previously, they were at the “BBB-” mark.
It is noted that the rating will be reviewed with a possible further downgrade.
Earlier, on March 5, the American rating agency Fitch downgraded the ratings of 26 Russian companies producing oil and gas, and announced that it had moved 28 organizations to the Rating Watch (“negative”) list.
Earlier, Fitch downgraded the long-term ratings of 32 Russian banks and their domestic and international subsidiaries, placing them on the Rating Watch list.
On March 2, Fitch downgraded Russia’s Long-term Issuer Default Rating (IDR) to ‘B’ from ‘BBB’, placing it on review with the possibility of further deterioration.
Earlier, on March 4, S&P Global Ratings downgraded Russia’s long-term foreign currency sovereign credit rating from ‘BB+’ to ‘CCC-‘.
On March 2, the international rating agency Fitch Ratings downgraded Russia’s long-term issuer default rating in foreign currency from ‘BBB’ to ‘B’.
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