Reply To: Ukraine Credit Rating Cut Further by S&P on Protected War with a Nation Reliant on Donations

Helmholtz Watson

Fitch Downgrades Russia to ‘C’
Tue 08 Mar, 2022 – 5:05 PM ET

Fitch Ratings – N/A – 08 Mar 2022: Fitch Ratings has downgraded Russia’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘C’ from ‘B’.

Fitch typically does not assign Outlooks or apply modifiers for sovereigns with a rating of ‘CCC’ or below.

A full list of rating actions is at the end of this rating action commentary.