Rating Watch Negative Current Affairs, GK & News

Downgrade in Russia’s Ratings

Following severe sanctions implemented on Russia by the western countries, Moody’s and Fitch downgraded the country’s sovereign rating to ‘junk’ grade. Overview: Russia’s long-term issuer and senior unsecured (local and foreign-currency) debt ratings have been downgraded to ‘B3′ from ‘Baa3’ by Moody’s Investors Service. Fitch meanwhile has downgraded Russia’s rating to ‘B’ from ‘BBB’, putting ..