S&P cuts Russia’s rating to junk, Moody’s issues junk warning

www.reuters.com/markets/rates-bonds/moodys-puts-russia-ukraine-ratings-review-downgrade-2022-02-25/

Russia’s invasion of Ukraine triggered a flurry of credit rating moves on Friday, with S&P lowering Russia’s rating to ‘junk’ status, Moody’s putting it on review for a downgrade to junk, and S&P and Fitch swiftly cutting Ukraine on default worries.