Moody’s withdraws all credit ratings on Russian entities -Breaking
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© Reuters. FILE PHOTO A Moody’s sign is seen on New York’s 7 World Trade Center tower, 2 August 2011. REUTERS/Mike Segar (Reuters: Moody’s (NYSE) stated Thursday that all its ratings of Russia and sub-sovereign Russian entities have been withdrawn.
According to the company, it decided to cancel ratings due its 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 (NYSE:) Ratings.
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