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Fitch won't publish data on Russia's sovereign rating anymore
Finance
- 28 March, 2022
- 06:40
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Fitch Ratings has withdrawn its ratings on all relevant Russian entities and their subsidiaries in order to comply with European Union sanctions, Report informs, citing Fitch.
The ratings will be withdrawn in advance of the April 15, 2022 deadline imposed by the EU.
On March 7 2022, Fitch Group announced the suspension of its commercial operations in Russia. On March 15 2022, the EU announced a ban on providing credit ratings to legal persons, entities, or bodies established in Russia.
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