Fitch withdraws Russia’s ratings
By Trend
Fitch Ratings has withdrawn Russia’s ratings, the international rating agency reported on its website, Trend reports with reference to TASS.
"Fitch Ratings has withdrawn Russia's ratings. The withdrawals are for sanction-related reasons," the agency said. Russia's issuer default ratings in national and foreign currency were at ‘C’ level.
Fitch has performed its rating action on Russia’s sovereign rating ahead of schedule following its decision to withdraw the ratings of Russian entities and their subsidiaries by April 15, the agency noted.
On March 15, the European Union banned providing credit ratings to legal entities, organizations and bodies established in Russia.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!