Advertisement
Advertisement

Moody’s to withdraw credit ratings on Russian entities

By:
Reuters
Published: Mar 24, 2022, 22:19 GMT+00:00

(Reuters) - Moody's Investors Service (MIS) said on Thursday it intends to withdraw its credit ratings on Russian entities, following similar moves by Fitch and S&P Global Ratings.

A general view of Moscow International Business Centre also known as Moskva City, in Moscow

(Reuters) – Moody’s Investors Service (MIS) said on Thursday it intends to withdraw its credit ratings on Russian entities, following similar moves by Fitch and S&P Global Ratings.

The rating agency’s parent firm, Moody’s Corp, suspended commercial operations in Russia earlier this month over Moscow’s invasion of Ukraine.

The European Union (EU) on March 15 banned top credit rating firms from rating Russia and the country’s companies as part of its latest sanctions package, to ramp up economic pressure on the country.

(Reporting by Manojna Maddipatla in Bengaluru; Editing by Devika Syamnath)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products:

Advertisement