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02 Mar
14:49

Rating agencies downgrade Russian, Ukrainian steelmakers

Moody's has placed on review for downgrade all ratings of 51 Russian non-financial corporates, including leading steel companies. The placement of Russia's sovereign ratings on review for downgrade was triggered by Russia's invasion of Ukraine, which started on 24 February, and reflects the negative credit implications for Russia's credit profile from the additional and more severe sanctions being imposed. The downgrade review list, in particular,…
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