Fitch Ratings has once again slashed its credit rating on Russia while warning that Moscow was likely to default on its sovereign debt payments in short order, while the Kremlin accused the United States of waging an “economic war” against Russia.
Less than a week after Fitch downgraded its rating on Russia to junk status and put Moscow on “rating watch negative” over the Kremlin-led invasion of Ukraine, the rating agency on Tuesday cut that rating even further by a whopping six notches.
