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Posted on: March 9, 2022 | Author: Dinesh Verma | Category: News

Russia will soon be unable to pay its debts, according to a leading credit ratings agency.

Fitch Ratings downgraded its of the country’s debt, warning a default is “imminent”.

The move comes amid increasing international sanctions against Russia following its invasion of Ukraine.

A credit rating is intended to help investors understand the level of risk they face in buying a country’s debt – or bonds.