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S&P to withdraw ratings for Russian firms

March 23, 2022


S&P Global Ratings has announced plans to withdraw all of its outstanding ratings on Russian firms, in line with new regulations imposed by the European Union (EU).

Earlier this month, S&P announced the suspension of its commercial operations in Russia, in response to the country’s widely-condemned invasion of Ukraine.

Following that, on March 15, 2022, the EU announced a ban on providing credit ratings to legal persons, entities, or bodies established in Russia.

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