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S&P Global Ratings: risk of default in Russia is high

... (S&P) against the backdrop of sanctions imposed against Russia and Russian ones in response. At present, the rating in both foreign and national currencies has been downgraded to CCC-. The agency attributed the sharp drop in the rating to Russia's special operation in Ukraine and subsequent sanctions, including against the Central Bank. According to S&P, in the coming weeks, the Russian rating may again show a decrease, RBC reports . The current situation also increases the risk of default in the country, as mentioned by the agency. The credit rating is designed to demonstrate ...

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