Fitch to withdraw Russian issuer ratings by April 15
Date
3/24/2022 12:09:44 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, March 24. Fitch Ratings
intends to withdraw the ratings of all Russian organizations and
their divisions in accordance with the sanctions imposed against
the Russian Federation by the European Union, Trend reports citing
Interfax.
As part of the fourth package of sanctions adopted by the EU
countries on March 15, 2022, European agencies are prohibited from
rating the Russian Federation and Russian companies, as well as
from providing rating services to Russian clients.
'The ratings will be withdrawn by the 15 April deadline set by
the EU,' Fitch said in a press release.
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