MSCI ESG Research downgrades Russia to lowest rating

MSCI ESG Research has downgraded Russia's ESG Government Rating from B to CCC (the lowest rating possible) with immediate effect. The news came following the country's downgrade from BBB to B on 28 February, when it warned that further downgrades were possible. A spokesperson for MSCI said that since the previous downgrade last week, "we have observed further heightening of Russia's ‘Economic Environment' and ‘Financial Governance' risks based on the widening domestic impact of international sanctions and financial isolation on Russia's economy". They explained that these include s...