Russia's credit rating slashed to second worst level of junk

[BlueWavePsych]

Russia is considered more likely to default on its debts than Iraq, Ecuador or Ethiopia after Moody’s slashed the country’s credit rating to the second-lowest rung.

The ratings agency suggested that Moscow is on the brink of defaulting on its sovereign debt after cutting Russia’s rating deeper into “junk” territory.

It reduced Russia’s creditworthiness by four rungs from a “B3” grade to “Ca”. It is the second-lowest grade at Moody’s, and only collapsed economies Venezuela and Lebanon have a sovereign debt rating below “Ca”.

https://www.telegraph.co.uk/business/2022/03/06/russias-credit-rating-slashed-second-worst-level-junk/

[SheltieLover]

1. Good!

Pouty poot is playing a stupid game. Fking around & finding out...

Idiot.