… equities kicked from indexes:
March 3 (Reuters) - Ratings agencies Fitch and Moody’s downgraded Russia by six notches to “junk” status, saying Western sanctions threw into doubt its ability to service debt and would weaken the economy. … S&P lowered Russia’s rating to junk status last week.
It also prompted index providers FTSE Russell and MSCI to announce on Wednesday that they will remove Russian equities from all their indexes, after a top MSCI executive earlier this week called Russia’s stock market “uninvestable”. …
https://www.reuters.com/markets/europe/fitch-downgrades-russ…