![Fitch, Moody’s downgrade Russia to junk status as sanctions rise](https://images.assettype.com/fortuneindia%2F2022-03%2F143af82a-b044-43d9-ac52-7ca458e2f056%2FGettyImages_493261811_3.jpg?w=300&q=95)
Fitch, Moody’s downgrade Russia to junk status as sanctions rise
Moody's lowered Russia's credit rating by six notches to ‘B3’ from ‘Baa3’, while Fitch downgraded to 'B' from 'BBB' amid rising macro-financial stability risks in wake of international sanctions.