Two days ago, the international rating agency Fitch downgraded Russia’s long-term rating to “default inevitable”. In light of recent events, the revision was made ahead of schedule, deciding not to wait until the end of May, according to Euronews. The Fitch report notes that such a revaluation “reflects the view of experts that a sovereign default is imminent.”
This means the bankruptcy of the state, reflecting the decline of most sectors of the economy and leading to insolvency on external and internal debt obligations.
Fitch illustrates its forecast with a decree by Russian President Vladimir Putin on the ability to pay creditors from “unfriendly” countries in rubles.
All world rating agencies now give approximately the same assessments of the prospects for the Russian economy.
The inhabitants do not quite understand what all these ratings mean, but the word “default” is familiar to most Russians. It was already in 1998. In social networks, people who survived that August share memories with young people; others explain what it all means; and others, as usual, joking gloomily.
Earlier, Rosbalt Like told how the audience of Solovyov’s program experienced a shock – two wholesome thoughts flashed there, and the audience’s picture of the world began to crumble.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
