Moody’s withdraws all credit ratings on Russian entities

Moody's sign on 7 World Trade Center tower in New York
FILE PHOTO: A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike Segar

March 31, 2022

(Reuters) – Moody’s said on Thursday it has withdrawn all ratings on Russia and its rated Russian sub-sovereign entities.

The company said it had decided to withdraw the ratings for its own business reasons.

Last week, Moody’s had announced its intention to withdraw its credit ratings on the entities, following similar moves by Fitch and S&P Global Ratings.

(Reporting by Maria Ponnezhath in Bengaluru; editing by Uttaresh.V)