Fitch withdraws Russia’s ratings

Fitch withdraws Russia’s ratings
# 28 March 2022 15:15 (UTC +04:00)

Fitch Ratings has withdrawn Russia’s ratings, the international rating agency reported on its website, APA reports citing TASS.

"Fitch Ratings has withdrawn Russia's ratings. The withdrawals are for sanction-related reasons," the agency said. Russia's issuer default ratings in national and foreign currency were at ‘C’ level.

Fitch has performed its rating action on Russia’s sovereign rating ahead of schedule following its decision to withdraw the ratings of Russian entities and their subsidiaries by April 15, the agency noted.

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THE OPERATION IS BEING PERFORMED