Following the severe economic sanctions imposed on Russia, which has invaded Ukraine, major rating agencies have lowered the creditworthiness of Russian government bonds to a level that is considered "speculative", and there is a growing sense of caution about the future. increase.

Of these, "Moody's" announced on the 3rd that it has lowered the rating of Russian long-term government bonds, which had been considered suitable for investment, to "B3", which is considered speculative, by six levels at once.



In addition, "Fitch Ratings" has been lowered by 6 levels to "B", which is considered speculative, and "S & P Global Ratings" has also been lowered to speculative levels.



This is because Russia is subject to strict economic sanctions such as exclusion from the international payment network called SWIFT, which has had a major impact on the depreciation of the currency ruble.



"Moody's" said, "It is very likely that Russia will not be able to maintain its debt repayment capacity due to sanctions," and there is a growing sense of caution about the future.