The event was applied to Russia as part of the fourth package of EU sanctions.
The international rating agency Moody's Investors Service, one of the “big three” rating agencies, has announced its intention to revoke the ratings of all Russian organizations and their divisions. This is stated in the report of Moody's Corp.
The event was applied to Russia as part of the fourth package of EU sanctions.
Earlier, the company also announced the suspension of business in Russia.
It will be recalled that within the framework of the fourth package of sanctions adopted by the EU countries on March 15, 2022, European agencies are prohibited from rating Russia and Russian companies, as well as providing rating services to Russian clients.
Earlier this week, the credit ratings of all Russian companies and organizations were revoked by the international rating agency S&P Global Ratings .
In the same week, another international rating agency, the Big Three, Fitch Ratings , announced plans to withdraw all ratings in Russia in line with sanctions imposed by the European Union against Russia.
A credit rating is an indicator that helps you understand how safe it is to trust your organization with your money. Banks, insurance companies, private pension funds (NPFs) and other financial institutions that work with private clients usually have such ratings .
The rating takes into account not only the current financial position of the company, the amount of capital and the amount of debt, but also the entire previous financial history. The organization's high credit rating means that it is almost safe to trust it: it has always paid bills before and now its position is quite stable. And low – that you take a lot of risks when contacting her: her business is not going very well and it is very likely that she will go bankrupt.
