By Josh Beckerman

Fitch Group suspended its commercial operations in Russia, joining a long list of companies halting activities there, including fellow ratings firm Moody's Corp.

Fitch operations in Russia included ratings and other services provided by Fitch Ratings and Fitch Solutions businesses.

Fitch, owned by Hearst Corp., said it "complies with all applicable sanctions and will continue to provide the market with its independent analytical views through ratings coverage undertaken outside of Russia."

Fitch said it is "is committed to the support of its Russia-based employees."

On Saturday, Moody's said its suspension covers Moody's Investors Service and Moody's Analytics. Moody's Investors Service will maintain analytical coverage for existing ratings from outside Russia.

Visa Inc. and Mastercard Inc. said Saturday that they are suspending their Russian operations. Many companies have ended their Russia operations since that country's invasion of Ukraine. Apple Inc. has stopped selling iPhones and other products in Russia, and FedEx Corp. and United Parcel Service Inc. have suspended shipments into Russia.


Write to Josh Beckerman at josh.beckerman@wsj.com


(END) Dow Jones Newswires

03-07-22 1903ET