UKRAINE: RUSSIA/UKRAINE CRISIS - Fitch downgrades Moscow´s global rating Geopolitical Intel | GEÓ Geopolitical Intelligence Network

UKRAINE: RUSSIA/UKRAINE CRISIS – Fitch downgrades Moscow´s global rating

By Iain Fraser – Consultant Geopolitical Editor

via www.GEOPoliticalMatters.com

Fitch Ratings has downgraded Russia’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘B’ meaning that the agency believes that Russia will soon be unable to pay its debts and warning that a default is imminent.

Credit ratings are intended to help investors weigh up the risk/reward ratio if they go on to buy a country´s bonds or debt, however the move comes at a bad time for Putin with the realisation of increasing international sanctions against Russia following its invasion of Ukraine.

This is the second time this month that Fitch has downgraded its view of Russia´s ability to service its ever increasing debt. Learn More/…

Image Credit: Ministry of Defense of Ukraine,

Author

GEÓ NewsTeam

Broadcasting Daily from Gibraltar Newsroom our dedicated desk editors and newsdesk team of Professional Journalists and Staff Writers work hand in hand with our established network of highly respected Correspondents & regional/sector specialist Analysts strategically located around the Globe (HUMINT) Our individual Desk Editors all have specific subject authority as Journalists, Researchers and Analysts covering AI, Autonomous Transport, Banking & Finance Technology, Cybersecurity, GeoCrime, Defence 3.0, Energy & Renewables, BioEconomy and Transport & Logistics. Contact the NewsTeam at [email protected]
View all posts