Russia's rating cut for 2nd time in a week by Fitch
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Russia's rating cut for 2nd time in a week by Fitch
Russia's sovereign rating has been downgraded by six notches to the second lowest level of 'C' by Fitch Ratings, which said that a bond default is "imminent". "This rating action follows our downgrade...to 'B'/Rating Watch Negative on 2 March," it said. "Developments since then have...further undermined Russia's willingness to service government debt," the rating agency added amid sanctions
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