Moody’s withdraws all credit ratings of Russian entities

Moody’s said it has withdrawn all credit ratings of Russia and designated Russian quasi-sovereign entities.

The agency said it decided to withdraw the ratings for commercial reasons of its own.

Last week, Moody’s announced its intention to withdraw its credit ratings for entities, following similar moves by global rating agency Fitch and S&P.

Moody’s said earlier that it intends to withdraw its credit ratings for Russian entities.