S&P lowers Russia's debt to "CCC"

S&P lowers Russia’s debt to “CCC”

“The military conflict between Russia and Ukraine unleashed a new series of government sanctions by the G7 countries, in particular those that target the monetary reserves of the Central Bank of Russia,” which until now were a financial support for the country, he explained. the agency in a statement.

Earlier this Thursday, agencies Fitch and Moody’s also downgraded the Russian currency from BBB to B and from Baa3 to Ba, respectively.

With information from AFP

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