S&P downgrade indicates Russia headed for historic default

The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debtBy FRANK BAJAK Associated PressApril 9, 2022, 8:00 PM• 3 min readBOSTON — The credit ratings agency Standard & Poor’s has downgraded its assessment of Russia’s ability to repay foreign debt, signaling rising prospects that Moscow will soon…