STOCK MARKET SNAPSHOT FOR 22/3/2022
NASDAQ-Adv: 1,760 Dec: 2,991 NYSE-Adv: 1,728 Dec: 2,593(Source: Nasdaq)
S&P Global Ratings, a unit of financial information provider S&P Global Inc (SPGI.N), said on Monday it will withdraw ratings for all Russian entities before April 15.
The decision comes weeks after parent company S&P Global said it was suspending commercial operations in Russia, joining a global exodus of companies out of the country due to tightening economic sanctions over Moscow’s invasion of Ukraine.
Western sanctions have frozen much of Russia’s central bank’s $640 billion in assets, barred several banks from global payments system SWIFT and sent the rouble into free fall.