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S&P Global warns of rating downgrade after Russia’s invasion of Ukraine

The S&P Global logo is displayed on the company's offices in the financial district in New York
FILE PHOTO – The logo of S&P Global is displayed above its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS / Brendan McDermid

February 25, 2022

LONDON (Reuters) – Russia’s invasion of Ukraine could trigger a series of credit ratings downgrades S&P Global said on Friday, warning the global economy, and Europe in particular, is now facing a crisis. completely different picture than expected this year.

“As the situation continues to evolve, we will issue additional reports that review credit impacts and potentially take rating actions on a case-by-case basis,” S&P said in a statement. fox.

The exact impact of the sanctions on Russia and its banks is currently difficult to estimate in addition, as additional measures may still have to be taken.

The decline in Russian export revenues, budget revenues and broader economy could make sense, S&P said.

(Reporting by Marc Jones; Editing by Kirsten Donovan)

https://www.oann.com/sp-global-warns-of-rating-downgrades-after-russias-ukraine-invasion/?utm_source=rss&utm_medium=rss&utm_campaign=sp-global-warns-of-rating-downgrades-after-russias-ukraine-invasion S&P Global warns of rating downgrade after Russia’s invasion of Ukraine

Caroline Bleakley

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