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S&P lowers Russia’s foreign currency rating to SD

S&P lowers Russia’s foreign currency rating to SD
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Saturday, 09 April, 2022, 12:00

The S&P Global Ratings (S&P) international agency lowered Russia’s sovereign credit rating for foreign currency from CC to SD, the agency said on its website Saturday.

The long-term rating for the national currency remains at the CC level in the CreditWatch list (rating review pending) with a negative prognosis.