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Russian Stocks Close Higher, MOEX Index Gains 1.46%

Russian Stocks Close Higher, MOEX Index Gains 1.46%

Jul 8, 2026

Russian markets finished Wednesday's trading session on a positive note, with the MOEX Russia Index climbing 1.46%. The gains were largely driven by strong performance in the oil and gas, power, and manufacturing sectors.

S&P Downgrades Cosan Credit Rating to 'B+' on Weaker Diversification

S&P Downgrades Cosan Credit Rating to 'B+' on Weaker Diversification

Jul 8, 2026

S&P Global Ratings has lowered its credit rating for Cosan S.A. to 'B+' from 'BB-', citing a weakened business profile following the debt restructuring of its affiliate, Raízen. The agency maintained a negative outlook, reflecting uncertainty over the company's divestment strategy.