S&P continues to cut Russia’s rating. Risk caused by the invasion of Russian troops

S&P lowered the rating of Russia’s long-term foreign currency debt to “CCC-” from “BB +”, the agency said on Thursday evening. The previous S&P downgrade of Russia took place on February 26, two days after the invasion of Ukraine. The agency then lowered the country’s creditworthiness rating to “BB +”, ie to the junk level.

–