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Rating Actions Waypoint: The Russia-Ukraine Conflict As Of July 19, 2022

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Rating Actions Waypoint: The Russia-Ukraine Conflict As Of July 19, 2022

(Editor's Note: Rating actions directly or indirectly related to the Russia-Ukraine conflict have slowed to a trickle. Unless that changes, this is the last update of this article. Final data is as of July 19, 2022.)

This article contains a list of the rating actions we've taken globally on corporations and sovereigns in response to these current events (Tables 1-3 and Related Research). So far, there have been 225 financial and nonfinancial corporate, sovereigns, and international public finance public ratings actions in which we cite the Russia-Ukraine conflict, commodity prices, or both as direct or indirect factors driving the decision.

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Financing Conditions And Risk Insights

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Table 1

List Of Rating Actions Related To The Russia-Ukraine Conflict Or Commodity Prices
Date Company Industry Country of domicile Region Rating To Rating From
25-Feb-22 Promsvyazbank PJSC Banks Russia EMEA BB BB
25-Feb-22 Russian Federation Sovereigns Russia EMEA BB+ BBB-
25-Feb-22 Republic of Ukraine Sovereigns Ukraine EMEA B- B
28-Feb-22 Alfa-Bank JSC Banks Russia EMEA BB+ BBB-
28-Feb-22 AO Raiffeisenbank Banks Russia EMEA BB+ BBB-
28-Feb-22 Gazprombank JSC Banks Russia EMEA BB+ BBB-
28-Feb-22 UniCredit Bank AO Banks Russia EMEA BB+ BBB-
28-Feb-22 VTB Bank Banks Russia EMEA BB+ BBB-
28-Feb-22 Bank SOYUZ Banks Russia EMEA BB- BB-
28-Feb-22 CentroCredit Bank JSC Banks Russia EMEA B+ B+
28-Feb-22 Commercial Bank Renaissance Credit LLC Banks Russia EMEA B+ B+
28-Feb-22 CREDIT BANK OF MOSCOW Banks Russia EMEA BB BB
28-Feb-22 RN Bank JSC Banks Russia EMEA BB+ BB+
28-Feb-22 Russian Standard Bank JSC Banks Russia EMEA B B
28-Feb-22 Sovcombank PJSC Banks Russia EMEA BB BB
28-Feb-22 Ural Bank for Reconstruction and Development Banks Russia EMEA B B
28-Feb-22 JSC Bank Alliance Banks Ukraine EMEA CCC B-
28-Feb-22 Stanpeak Ltd. LLC Insurance Cyprus EMEA BB BB
28-Feb-22 FG BCS Ltd. NBFIs Cyprus EMEA B+ B+
28-Feb-22 QIWI PLC NBFIs Cyprus EMEA BB- BB-
28-Feb-22 Renaissance Financial Holdings Ltd. NBFIs Cyprus EMEA B B
28-Feb-22 Ronin Europe Ltd. NBFIs Cyprus EMEA BB- BB-
28-Feb-22 Credit Union Payment Center NBFIs Russia EMEA BB+ BB+
28-Feb-22 First Client Bureau Non-Public Joint-Stock Co. NBFIs Russia EMEA B B
28-Feb-22 Investment Co. Freedom Finance ltd. liability co. NBFIs Russia EMEA B B
28-Feb-22 Investment Co. Veles Capital LLC NBFIs Russia EMEA BB- BB-
28-Feb-22 ABH Financial Ltd. Banks Russia EMEA BB- BB+
1-Mar-22 Belagroprombank JSC Banks Belarus EMEA B B
1-Mar-22 JSC Savings Bank Belarusbank Banks Belarus EMEA B B
1-Mar-22 SB Alfa-Bank JSC Banks Kazakhstan EMEA BB BB
1-Mar-22 City of Kyiv IPF Ukraine EMEA B- B
2-Mar-22 KLPP Insurance and Reinsurance Co. Ltd. Insurance Cyprus EMEA BB+ BB+
3-Mar-22 Interpipe Holdings Plc Metals and mining Cyprus EMEA B- B
3-Mar-22 Metinvest B.V. Metals and mining Netherlands EMEA B- B+
3-Mar-22 Ferrexpo PLC Metals and mining United Kingdom EMEA B- B-
3-Mar-22 Russian Federation Sovereigns Russia EMEA CCC- BB+
4-Mar-22 Republic of Belarus Sovereigns Belarus EMEA CCC B
7-Mar-22 ABH Financial Ltd. Banks Russia EMEA CCC- BB-
7-Mar-22 AO Raiffeisenbank Banks Russia EMEA CCC- BB+
7-Mar-22 CentroCredit Bank JSC Banks Russia EMEA CCC- B+
7-Mar-22 Commercial Bank Renaissance Credit LLC Banks Russia EMEA CCC- B+
7-Mar-22 Concern Rossium LLC Banks Russia EMEA CCC- B+
7-Mar-22 Bank SOYUZ Banks Russia EMEA CCC- BB-
7-Mar-22 Gazprombank JSC Banks Russia EMEA CCC- BB+
7-Mar-22 RN Bank JSC Banks Russia EMEA CCC- BB+
7-Mar-22 Russian Standard Bank JSC Banks Russia EMEA CCC- B
7-Mar-22 UniCredit Bank AO Banks Russia EMEA CCC- BB+
7-Mar-22 Ural Bank for Reconstruction and Development Banks Russia EMEA CCC- B
7-Mar-22 PhosAgro PJSC Chemicals Russia EMEA CCC- BBB-
7-Mar-22 EuroChem Group AG Chemicals Switzerland EMEA CCC- BB
7-Mar-22 X5 Retail Group N.V. Consumer products Netherlands EMEA CCC- BB+
7-Mar-22 Kernel Holding S.A. Consumer products Ukraine EMEA B- B+
7-Mar-22 LUKOIL PJSC Energy Russia EMEA CCC- BBB
7-Mar-22 NOVATEK PJSC Energy Russia EMEA CCC- BBB
7-Mar-22 Rosneft Oil Co. PJSC Energy Russia EMEA CCC- BBB-
7-Mar-22 Sibur Holding PJSC Energy Russia EMEA CCC- BBB-
7-Mar-22 Transneft PJSC Energy Russia EMEA CCC- BBB-
7-Mar-22 Gazprom PJSC Energy Russia EMEA CCC- BBB
7-Mar-22 Eurasia Drilling Co. Ltd. Energy Cyprus EMEA CCC- BB+
7-Mar-22 TMK PAO Energy Russia EMEA CCC- B+
7-Mar-22 SPC Katren JSC Health care Russia EMEA CCC- BB-
7-Mar-22 Etalon LenSpetsSMU JSC Homebuilders and developers Russia EMEA CCC- B-
7-Mar-22 Stanpeak Ltd. LLC Insurance Cyprus EMEA CCC+ BB
7-Mar-22 City of Moscow IPF Russia EMEA CCC- BBB-
7-Mar-22 Yamal-Nenets Autonomous Okrug IPF Russia EMEA CCC- BBB-
7-Mar-22 Krasnoyarsk Krai IPF Russia EMEA CCC- BB
7-Mar-22 Leningrad Oblast IPF Russia EMEA CCC- BB+
7-Mar-22 Samara Oblast IPF Russia EMEA CCC- BB+
7-Mar-22 ALROSA PJSC Metals and mining Russia EMEA CCC- BBB-
7-Mar-22 Holding Co. Metalloinvest JSC Metals and mining Russia EMEA CCC- BBB-
7-Mar-22 Magnitogorsk Iron and Steel Works PJSC Metals and mining Russia EMEA CCC- BBB-
7-Mar-22 MMC Norilsk Nickel PJSC Metals and mining Russia EMEA CCC- BBB-
7-Mar-22 NLMK PJSC Metals and mining Russia EMEA CCC- BBB-
7-Mar-22 Severstal PAO Metals and mining Russia EMEA CCC- BBB-
7-Mar-22 Corp. VSMPO-AVISMA PSC Metals and mining Russia EMEA CCC- BB+
7-Mar-22 Polyus PJSC Metals and mining Russia EMEA CCC- BB+
7-Mar-22 Evraz PLC Metals and mining United Kingdom EMEA CCC- BB+
7-Mar-22 Petropavlovsk PLC Metals and mining United Kingdom EMEA CCC- B-
7-Mar-22 Setl Group LLC Real estate Russia EMEA CCC- B+
7-Mar-22 Magnit PJSC Retailing Russia EMEA CCC- BB+
7-Mar-22 Yandex N.V. Technology Netherlands EMEA CCC- BBB-
7-Mar-22 ER-Telecom Holding JSC Telecommunications Russia EMEA CCC- B+
7-Mar-22 MegaFon PJSC Telecommunications Russia EMEA CCC- BB+
7-Mar-22 Rostelecom PJSC Telecommunications Russia EMEA CCC- BB+
7-Mar-22 Sistema (PJSFC) Telecommunications Russia EMEA CCC- BB
7-Mar-22 PrJSC VF Ukraine Telecommunications Ukraine EMEA B- B
7-Mar-22 Russian Railways JSC Transportation Russia EMEA CCC- BBB-
7-Mar-22 Sovcomflot PAO Transportation Russia EMEA CCC- BBB-
7-Mar-22 DeloPorts LLC Transportation Russia EMEA CCC- B+
7-Mar-22 TransFin-M PC Transportation Russia EMEA CCC- B
7-Mar-22 Atomic Energy Power Corp. JSC Utilities Russia EMEA CCC- BBB-
7-Mar-22 Federal Grid Co. of the Unified Energy System Utilities Russia EMEA CCC- BBB-
7-Mar-22 Mosvodokanal JSC Utilities Russia EMEA CCC- BBB-
7-Mar-22 Rosseti PJSC Utilities Russia EMEA CCC- BBB-
7-Mar-22 RusHydro PJSC Utilities Russia EMEA CCC- BBB-
7-Mar-22 DTEK Renewables B.V. Utilities Netherlands EMEA CCC CCC+
7-Mar-22 Public Joint Stock Co. Rosseti Centre Utilities Russia EMEA CCC- BB+
7-Mar-22 Rosseti Moscow Region PJSC Utilities Russia EMEA CCC- BB+
7-Mar-22 Vodokanal St. Petersburg Utilities Russia EMEA CCC- BB+
8-Mar-22 RCB Bank Ltd. Banks Cyprus EMEA B+ BB-
8-Mar-22 MHP SE Consumer products Ukraine EMEA B- B
9-Mar-22 Belagroprombank JSC Banks Belarus EMEA CCC B
9-Mar-22 Development Bank of the Republic of Belarus JSC Banks Belarus EMEA CCC B
9-Mar-22 JSC Savings Bank Belarusbank Banks Belarus EMEA CCC B
10-Mar-22 Paramount Resources Ltd. Energy Canada North America B+ B
10-Mar-22 FG BCS Ltd. NBFIs Cyprus EMEA CCC- B+
10-Mar-22 Renaissance Financial Holdings Ltd. NBFIs Cyprus EMEA CCC- B
10-Mar-22 Investment Co. Veles Capital LLC NBFIs Russia EMEA CCC- BB-
10-Mar-22 SFI Public Joint Stock Co. NBFIs Russia EMEA CCC- BB-
10-Mar-22 Eurotorg LLC Retailing Belarus EMEA CCC B-
10-Mar-22 VEON Ltd. Telecommunications Bermuda EMEA CCC+ BB+
10-Mar-22 EP INFRASTRUCTURE A S Utilities Czech Republic EMEA BBB BBB
11-Mar-22 Technip Energies Energy France EMEA BBB- BBB
11-Mar-22 QIWI PLC NBFIs Cyprus EMEA CCC- BB-
11-Mar-22 Ronin Europe Ltd. NBFIs Cyprus EMEA B BB-
11-Mar-22 First Client Bureau Non-Public Joint-Stock Co. NBFIs Russia EMEA CCC- B
11-Mar-22 Credit Union Payment Center NBFIs Russia EMEA CCC+ BB+
11-Mar-22 Frigoglass SAIC Capital goods Greece EMEA CCC B-
14-Mar-22 Fortum Oyj Utilities Finland EMEA BBB BBB
14-Mar-22 Uniper SE Utilities Germany EMEA BBB BBB
16-Mar-22 Tarkett Participation Building materials France EMEA B+ BB-
17-Mar-22 Investment Company Freedom Finance limited liability company NBFIs Russia EMEA CCC- B
17-Mar-22 Russian Federation Sovereigns Russia EMEA CC CCC-
17-Mar-22 Softline Holding PLC Technology Cyprus EMEA CCC+ B
17-Mar-22 Coca-Cola HBC AG Consumer products Switzerland EMEA BBB+ BBB+
18-Mar-22 SB Alfa-Bank JSC Banks Kazakhstan EMEA B BB
18-Mar-22 Oriflame Investment Holding Plc Capital goods Jersey EMEA B B+
21-Mar-22 Centennial Resource Development Inc., Energy United States North America B B-
24-Mar-22 MHP SE Consumer products Ukraine EMEA SD B-
30-Mar-22 Krasnoyarsk Krai IPF Russia EMEA CCC- CC
30-Mar-22 Leningrad Oblast IPF Russia EMEA CCC- CC
30-Mar-22 Moscow (City of) IPF Russia EMEA CCC- CC
30-Mar-22 Samara Oblast IPF Russia EMEA CCC- CC
30-Mar-22 Yamal-Nenets Autonomous Okrug IPF Russia EMEA CCC- CC
31-Mar-22 ABH Financial Limited Banks Russia EMEA CC CCC-
31-Mar-22 CentroCredit Joint Stock Commercial Bank Banks Russia EMEA CC CCC-
31-Mar-22 Commercial Bank Renaissance Credit Banks Russia EMEA CC CCC-
31-Mar-22 Credit Union Payment Center NBFIs Russia EMEA CCC CCC+
31-Mar-22 First Client Bureau Non-Public Joint-Stock Company NBFIs Russia EMEA CC CCC-
31-Mar-22 Gazprombank (Joint-stock Company) Banks Russia EMEA CC CCC-
31-Mar-22 Joint Stock Company Alfa-Bank Banks Russia EMEA CC CCC-
31-Mar-22 Joint Stock Company Raiffeisenbank Banks Russia EMEA CC CCC-
31-Mar-22 Joint Stock Company RN Bank Banks Russia EMEA CC CCC-
31-Mar-22 Joint Stock Company Russian Standard Bank - АО Banks Russia EMEA CC CCC-
31-Mar-22 Joint Stock Company UniCredit Bank Banks Russia EMEA CC CCC-
31-Mar-22 Joint-stock company "Bank SOYUZ" Banks Russia EMEA CC CCC-
31-Mar-22 Limited Liability Company Concern ROSSIUM Banks Russia EMEA CC CCC-
31-Mar-22 LLC IC Freedom Finance NBFIs Russia EMEA CC CCC-
31-Mar-22 Public Joint Stock Company The Ural Bank for Reconstruction and Development Banks Russia EMEA CC CCC-
31-Mar-22 Sistema Public Joint Stock Financial Corporation Telecommunications Russia EMEA CC CCC-
31-Mar-22 TransFin-M Public Company Real estate Russia EMEA CC CCC-
31-Mar-22 Veles Capital Investment NBFIs Russia EMEA CC CCC-
31-Mar-22 Republic of Estonia Sovereigns Estonia EMEA AA- AA-
1-Apr-22 AO Etalon LenSpetsSMU Real estate Russia EMEA CC CCC-
1-Apr-22 AO Holding Company METALLOINVEST Metals and mining Russia EMEA CC CCC-
1-Apr-22 AO Mosvodokanal Utilities Russia EMEA CC CCC-
1-Apr-22 Joint Stock Company Atomic Energy Power Corporation Utilities Russia EMEA CC CCC-
1-Apr-22 Leader Invest JSC Real estate Russia EMEA CC CCC-
1-Apr-22 Limited Liability Company Setl Group Real estate Russia EMEA CC CCC-
1-Apr-22 OOO DeloPorts Transportation Russia EMEA CC CCC-
1-Apr-22 Open Joint Stock Company "Russian Railways" Transportation Russia EMEA CC CCC-
1-Apr-22 PAO NOVATEK Energy Russia EMEA CC CCC-
1-Apr-22 PAO Sovcomflot Energy Russia EMEA CC CCC-
1-Apr-22 PJSC LUKOIL Energy Russia EMEA CC CCC-
1-Apr-22 PAO TMK Energy Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company "Novolipetsk Steel" Metals and mining Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company "SFI" NBFIs Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company "SIBUR Holding" Chemicals Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company ALROSA Metals and mining Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Gazprom Energy Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Magnit Retailing Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Magnitogorsk Iron & Steel Works Metals and mining Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company MegaFon Telecommunications Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Mining and Metallurgical Company Norilsk Nickel Metals and mining Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Polyus Metals and mining Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Rosneft Oil Company Energy Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Rosseti Centre Utilities Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Rostelecom Telecommunications Russia EMEA CC CCC-
1-Apr-22 Public Joint Stock Company Severstal Metals and mining Russia EMEA CC CCC-
1-Apr-22 Public Joint-Stock Company "Rosseti Moscow Region" Utilities Russia EMEA CC CCC-
1-Apr-22 Public Joint-Stock Company Federal Grid Company of Unified Energy System Utilities Russia EMEA CC CCC-
1-Apr-22 Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro Utilities Russia EMEA CC CCC-
1-Apr-22 Public Joint-Stock Company PhosAgro Chemicals Russia EMEA CC CCC-
1-Apr-22 public stock company VSMPO-AVISMA Corporation Metals and mining Russia EMEA CC CCC-
1-Apr-22 Rosseti, Public Joint Stock Company Utilities Russia EMEA CC CCC-
1-Apr-22 State Unitary Enterprise Vodokanal of St. Petersburg Utilities Russia EMEA CC CCC-
8-Apr-22 Kernel Holding S.A. Consumer products Ukraine EMEA SD B-
8-Apr-22 Republic of Armenia Sovereigns Armenia EMEA B+ B+
8-Apr-22 Russian Federation Sovereigns Russia EMEA SD CC
11-Apr-22 Vermilion Energy Inc. Energy Canada North America B+ B
12-Apr-22 Ameriabank CJSC Banks Armenia EMEA B+ B+
12-Apr-22 Petropavlovsk PLC Metals and mining United Kingdom Europe SD CCC-
13-Apr-22 Borets International Ltd. Energy United Arab Emirates EMEA CC CCC-
13-Apr-22 Eurasia Drilling Co. Ltd. Energy Cyprus EMEA CC CCC-
13-Apr-22 Evraz PLC Metals and mining United Kingdom Europe CC CCC-
13-Apr-22 Vimpel-Communications Telecommunications Russia EMEA CC CCC-
13-Apr-22 X5 Retail Group N.V. Retailing Netherlands EMEA CC CCC-
13-Apr-22 Yandex N.V. Media and entertainment Netherlands EMEA CC CCC-
14-Apr-22 EuroChem Group AG Chemicals Switzerland EMEA SD CCC-
14-Apr-22 OnlineKazFinance Microfinance Organization LLP NBFIs Kazakhstan EMEA CCC+ B
25-Apr-22 4finance Holding S.A. NBFIs Luxembourg EMEA B- B
5-May-22 Insurance Co. Jusan Garant JSC Insurance Kazakhstan EMEA BB- BB-
5-May-22 K+S AG Chemicals Germany EMEA BB B+
5-May-22 Republic of Belarus Sovereign Belarus EMEA CC CCC
10-May-22 EP Infrastructure a.s. Utilities Czech Republic EMEA BBB- BBB
13-May-22 Belagroprombank JSC Banks Belarus EMEA CC CCC
13-May-22 Development Bank of the Republic of Belarus JSC Sovereign/GRE Belarus EMEA CC CCC
13-May-22 JSC Savings Bank Belarusbank Banks Belarus EMEA CC CCC
16-May-22 Uniper SE Utilities Germany EMEA BBB- BBB
20-May-22 Slovak Republic Sovereign Slovak Republic Europe A+ A+
23-May-22 Eurotorg LLC Retailing Belarus EMEA CC CCC
24-May-22 Fincraft Group LLP NBFIs Kazakhstan EMEA BB- BB-
27-May-22 Republic of Ukraine Sovereign Ukraine EMEA CCC+ B-
1-Jun-22 Ukrainian Railways JSC Transportation Ukraine EMEA CCC CCC+
2-Jun-22 Nomad Insurance Co. Insurance Kazakhstan EMEA BB BB
10-Jun-22 Serbia Sovereign Serbia Europe BB+ BB+
14-Jun-22 DTEK Renewables B.V. Utilities Netherlands EMEA CCC- CCC
15-Jun-22 PrJSC VF Ukraine Telecom Ukraine EMEA CCC+ B-
20-Jun-22 Metro AG Retailing Germany EMEA BBB- BBB-
21-Jun-22 Ravnaq Bank Banks Uzbekistan EMEA CCC+ B-
5-Jul-22 Fortum Oyj Utilities Finland EMEA BBB BBB
11-Jul-22 Guacolda Energia S.A. Utilities Chile Latin America B- B
13-Jul-22 Tengizchevroil LLP Energy Kazakhstan EMEA BBB- BBB-
14-Jul-22 Verbund AG Utilities Germany EMEA A A
NBFIs--Nonbank financial institutions. IPF--International public finance. Data through July 19, 2022. Source: S&P Global Ratings Research.

Table 2

List Of Suspended Ratings
Date Company Industry Country of domicile Region
These ratings are currently suspended due to reduced operational visibility or fallout from the conflict.
22-Mar-22 G.N.Terminal Enterprises Ltd. Consumer products Cyprus EMEA
30-Mar-22 Ferrexpo plc Metals and mining United Kingdom EMEA
30-Mar-22 Interpipe Holdings PLC Metals and mining Cyprus EMEA
30-Mar-22 Metinvest B.V. Metals and mining Netherlands EMEA
Data through July 19, 2022. Source: S&P Global Ratings Research. GRE--Government related entity.

Table 3

List Of Withdrawn Ratings
These ratings have been withdrawn at the companies' request or due to regulatory requirements.
Date Company Industry Country Of Domicile Region
17-Mar-22  Transneft PJSC Energy Russia EMEA
17-Mar-22 ER-Telecom Telecommunications Russia EMEA
30-Mar-22 Krasnoyarsk Krai IPF Russia EMEA
30-Mar-22 Leningrad Oblast IPF Russia EMEA
30-Mar-22 Moscow (City of) IPF Russia EMEA
30-Mar-22 Samara Oblast IPF Russia EMEA
30-Mar-22 Yamal-Nenets Autonomous Okrug IPF Russia EMEA
31-Mar-22 Renaissance Financial Holding NBFIs Cyprus EMEA
31-Mar-22 Stanpeak Ltd. Insurance Cyprus EMEA
31-Mar-22 ABH Financial Ltd. Banks Russia EMEA
31-Mar-22 CentroCredit Joint Stock Commercial Bank Banks Russia EMEA
31-Mar-22 Commercial Bank Renaissance Credit Banks Russia EMEA
31-Mar-22 Credit Union Payment Center NBFIs Russia EMEA
31-Mar-22 First Client Bureau Non-Public JSC NBFIs Russia EMEA
31-Mar-22 Gazprombank (JSC) Banks Russia EMEA
31-Mar-22 JSC Alfa-Bank Banks Russia EMEA
31-Mar-22 JSC Raiffeisenbank Banks Russia EMEA
31-Mar-22 JSC RN Bank Banks Russia EMEA
31-Mar-22 JSC Russian Standard Bank - АО Banks Russia EMEA
31-Mar-22 JSC UniCredit Bank Banks Russia EMEA
31-Mar-22 JSC "Bank SOYUZ" Banks Russia EMEA
31-Mar-22 LLC Concern ROSSIUM Banks Russia EMEA
31-Mar-22 LLC IC Freedom Finance NBFIs Russia EMEA
31-Mar-22 Public JSC The Ural Bank for Reconstruction and Development Banks Russia EMEA
31-Mar-22 Sistema Public Joint Stock Financial Corp. Telecommunications Russia EMEA
31-Mar-22 TransFin-M Public Co. Real estate Russia EMEA
31-Mar-22 Veles Capital Investment NBFIs Russia EMEA
31-Mar-22 Promsvyazbank PJSC Banks Russia EMEA
31-Mar-22 VTB Bank Banks Russia EMEA
31-Mar-22 Sovcombank PJSC Banks Russia EMEA
31-Mar-22 VEB.RF GRE Russia EMEA
31-Mar-22 Krayinvestbank Banks Russia EMEA
31-Mar-22 BANK ROSSIYA Banks Russia EMEA
31-Mar-22 Rosgosstrakh PJSC Insurance Russia EMEA
31-Mar-22 Sogaz Insurance Insurance Russia EMEA
1-Apr-22 AO Etalon LenSpetsSMU Real estate Russia EMEA
1-Apr-22 AO Holding Co. METALLOINVEST Metals and mining Russia EMEA
1-Apr-22 AO Mosvodokanal Utilities Russia EMEA
1-Apr-22 JSC Atomic Energy Power Corp. Utilities Russia EMEA
1-Apr-22 Leader Invest JSC Real estate Russia EMEA
1-Apr-22 LLC Setl Group Real estate Russia EMEA
1-Apr-22 OOO DeloPorts Transportation Russia EMEA
1-Apr-22 Open JSC "Russian Railways" Transportation Russia EMEA
1-Apr-22 PAO NOVATEK Energy Russia EMEA
1-Apr-22 PAO Sovcomflot Energy Russia EMEA
1-Apr-22 PJSC LUKOIL Energy Russia EMEA
1-Apr-22 PAO TMK Energy Russia EMEA
1-Apr-22 Public JSC "Novolipetsk Steel" Metals and mining Russia EMEA
1-Apr-22 Public JSC "SFI" NBFIs Russia EMEA
1-Apr-22 Public JSC "SIBUR Holding" Chemicals Russia EMEA
1-Apr-22 Public JSC ALROSA Metals and mining Russia EMEA
1-Apr-22 Public JSC Gazprom Energy Russia EMEA
1-Apr-22 Public JSC Magnit Retailing Russia EMEA
1-Apr-22 Public JSC Magnitogorsk Iron & Steel Works Metals and mining Russia EMEA
1-Apr-22 Public JSC MegaFon Telecommunications Russia EMEA
1-Apr-22 Public JSC Mining and Metallurgical Co. Norilsk Nickel Metals and mining Russia EMEA
1-Apr-22 Public JSC Polyus Metals and mining Russia EMEA
1-Apr-22 Public JSC Rosneft Oil Co. Energy Russia EMEA
1-Apr-22 Public JSC Rosseti Centre Utilities Russia EMEA
1-Apr-22 Public JSC Rostelecom Telecommunications Russia EMEA
1-Apr-22 Public JSC Severstal Metals and mining Russia EMEA
1-Apr-22 Public JSc "Rosseti Moscow Region" Utilities Russia EMEA
1-Apr-22 Public JSC Federal Grid Co. of Unified Energy System Utilities Russia EMEA
1-Apr-22 Public JSC Federal Hydro-Generating Co. - RusHydro Utilities Russia EMEA
1-Apr-22 Public JSC PhosAgro Chemicals Russia EMEA
1-Apr-22 public stock co. VSMPO-AVISMA Corp. Metals and mining Russia EMEA
1-Apr-22 Rosseti, Public JSC Utilities Russia EMEA
1-Apr-22 State Unitary Enterprise Vodokanal of St. Petersburg Utilities Russia EMEA
8-Apr-22 Russian Federation Sovereign Russia EMEA
12-Apr-22 Petropavlovsk PLC Metals and mining U.K. Europe
13-Apr-22 BCS Prime Brokerage Ltd. NBFIs U.K. Europe
13-Apr-22 Borets International Ltd. Energy United Arab Emirates EMEA
13-Apr-22 BrokerCreditService (Cyprus) Ltd. NBFIs Cyprus EMEA
13-Apr-22 BrokerCreditService Structured Products PLC NBFIs Cyprus EMEA
13-Apr-22 Eurasia Drilling Co. Ltd. Energy Cyprus EMEA
13-Apr-22 Evraz PLC Metals and mining U.K. Europe
13-Apr-22 FG BCS Ltd. NBFIs Cyprus EMEA
13-Apr-22 JSC SB Alfa-Bank Kazakhstan Banks Kazakhstan EMEA
13-Apr-22 QIWI plc NBFIs Cyprus EMEA
13-Apr-22 Softline Holding PLC Technology Cyprus EMEA
13-Apr-22 Veon Ltd. Telecommunications Bermuda U.S.
13-Apr-22 Vimpel-Communications Telecommunications Russia EMEA
13-Apr-22 X5 Retail Group N.V. Retailing Netherlands EMEA
13-Apr-22 Yandex N.V. Media and entertainment Netherlands EMEA
14-Apr-22 EuroChem Group AG Chemicals Switzerland EMEA
15-Apr-22 GeoProMining Investment (CYP) Ltd. Metals and mining Cyprus EMEA
15-Apr-22 Karlou B.V. Metals and mining Netherlands EMEA
1-Jun-22 RCB Bank Ltd. Banks Cyprus EMEA
Data through July 19, 2022. Source: S&P Global Ratings Research.

S&P Global Ratings acknowledges a high degree of uncertainty about the extent, outcome, and consequences of the military conflict between Russia and Ukraine. As the situation evolves, we will continue to assess the related effects on economies worldwide, the ramifications for financial and commodity markets, and the impact on borrowing conditions and credit quality.

Related Research

This report does not constitute a rating action.

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