Skip to content
Subscriber Only
Markets
Economics

Sanctions Cost Russia One Rung on Credit Ranking, Fitch Says

  • Ratings company warns on penalties despite Friday’s upgrade
  • Local markets pay little heed to promotion, follow EM peers
Updated on

Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here

Russia’s credit score at Fitch Ratings is back to where it was before the crisis in Ukraine almost half a decade ago, but uncertainty over U.S. penalties still stifles the nation’s ranking.