A week ago, Russia was rated investment grade. The speed of its descent into the deepest levels of junk status is unprecedented, according to an S&P spokesperson.
S&P Global slashed Russia’s credit rating on Friday for the second time in a week, stating that recent capital controls measures are increasingly likely to cause a default.
The sovereign is now rated CCC-, for both its local-currency and dollar debt. That is two notches above a default level. A week ago, Russia was rated investment grade. The speed of its descent into the deepest levels of junk status is unprecedented, according to an S&P spokesperson. The Russian central bank imposed capital-control measures earlier this week, including a ban on coupon payments to foreign bondholders. It instructed depositories and registrars, key components of the financial infrastructure between issuers and investors, not to make transfers to foreign clients.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Ukraine's request to cut off Russia from the global internet has been rejectedCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Consulte Mais informação »
Could Russia Use Crypto to Circumvent Global Sanctions?Policy 4.0 Founder and CEO Tanvi Ratna weighs in on the crypto censorship debate as politicians push exchanges to restrict Russian accounts, fearing that cryptocurrencies can be used to circumnavigate economic sanctions. Ratna explains the ability of forensics to analyze blockchain transactions and the ethical dilemma of government oversight in decentralized technologies. Plus, a discussion on Russia’s plans for a digital ruble.
Consulte Mais informação »
Russia boycott: A list of global campaigns that are underway in support of UkraineAs Western countries respond to Russia’s invasion of Ukraine, many of them have sought to hit Moscow where it hurts — the pocketbook — with sanctions against President Vladimir Putin and his allies, as well as restrictions on Russian airlines and banks.
Consulte Mais informação »
Russia-Ukraine war fuels 'biggest supply shock to global grain markets' in living memoryWheat futures have surged by nearly a third over the past four days, on track for the biggest weekly rise since at least 1959 as Russia’s invasion of Ukraine crimps exports of the crucial food grain and stokes fears of food inflation.
Consulte Mais informação »
Russia-Ukraine crisis replaces Covid as top risk to global supply chains, Moody's saysRussia is a major producer of commodities, everything from oil and natural gas to palladium and wheat. Ukraine is also a major exporter of wheat as well as neon. Russia's invasion of Ukraine threatens to further scramble already-fragile supply chains.
Consulte Mais informação »
Amid Russia war on Ukraine, Bill Clinton relaunching Clinton Global InitiativeFormer President Bill Clinton is restarting his family's dormant Clinton Global Initiative.
Consulte Mais informação »