{"id":62233,"date":"2022-03-18T11:42:39","date_gmt":"2022-03-18T07:42:39","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=62233"},"modified":"2022-03-18T11:42:43","modified_gmt":"2022-03-18T07:42:43","slug":"standard-poors-downgrades-russias-rating-to-cc","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/standard-poors-downgrades-russias-rating-to-cc\/03\/18\/market-updates\/","title":{"rendered":"Standard &#038; Poor&#8217;s downgrades Russia&#8217;s rating to CC"},"content":{"rendered":"\n<p>Credit rating agency Standard &amp; Poor&#8217;s on Thursday downgraded Russia&#8217;s rating to CC from -CCC, as Moscow reported difficulties in meeting debt payments due on dollar-denominated bonds in 2023 and 2043.<\/p>\n\n\n\n<p>The rating agency said Russia&#8217;s payments problems were caused by international sanctions over the invasion of Ukraine. Sanctions have reduced Moscow&#8217;s foreign exchange reserves and restricted its access to the global financial system.<\/p>\n\n\n\n<p>Rating agencies Fitch and Moody also cited concerns about Russia&#8217;s ability to meet its debt obligations when they downgraded the country by several notches earlier in the month.<\/p>\n\n\n\n<p>Compounding Moscow&#8217;s debt problems, the exemption that currently allows US citizens or residents to receive payments on Russian debt and equity will expire on May 25.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Credit rating agency Standard &amp; Poor&#8217;s on Thursday downgraded Russia&#8217;s rating to CC from -CCC, as Moscow reported difficulties in meeting debt payments due on dollar-denominated bonds in 2023 and 2043. The rating agency said Russia&#8217;s payments problems were caused by international sanctions over the invasion of Ukraine. Sanctions have reduced Moscow&#8217;s foreign exchange reserves &hellip;<\/p>\n","protected":false},"author":9,"featured_media":60928,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[6875],"class_list":["post-62233","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-russia"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=62233"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62233\/revisions"}],"predecessor-version":[{"id":62234,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62233\/revisions\/62234"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/60928"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}