12:53 - 4.03.2022

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March 4, Fineko/abc.az. S&P Global Ratings has downgraded for the second time Russia’s long-term credit rating in foreign currency to CCC- from BB+.

ABC.AZ reports that Russia's long-term rating in national currency has been downgraded to CCC- from BBB-, short-term rating in foreign currency to C from B, in national currency to C from A3.

Country's long-term credit ratings in foreign currency BB+ and BBB- in local currency have been reduced to CCC-.

The Agency recalls that Russia's military intervention in Ukraine led to new sanctions targeting the foreign exchange reserves of the Central Bank of Russia, which made most of the reserves inaccessible.