S&P lowers Russia’s foreign currency rating to ‘BB+’ By Reuters


© Reuters. FILE PHOTO: Russian President Vladimir Putin speaks during a ceremony to present the highest state awards at the Kremlin in Moscow, Russia February 2, 2022. Sputnik/Sergey Karpuhin/Pool via REUTERS/File Photo

(Reuters) – Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’.

The sanctions announced on Russia could have significant direct and second-round effects on its economic and foreign trade activity, and financial stability, S&P said.

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Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



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© Reuters. FILE PHOTO: Russian President Vladimir Putin speaks during a ceremony to present the highest state awards at the Kremlin in Moscow, Russia February 2, 2022. Sputnik/Sergey Karpuhin/Pool via REUTERS/File Photo

(Reuters) – Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’.

The sanctions announced on Russia could have significant direct and second-round effects on its economic and foreign trade activity, and financial stability, S&P said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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