Bond investors are increasingly trading junk-rated Russia as an investment-grade credit, even if ratings firms are years away from restoring the coveted status. |||
London – Bond investors are increasingly trading junk-rated Russia as an investment-grade credit, even if ratings firms are years away from restoring the coveted status the country lost in 2015. Billions of dollars were pulled from Russian assets early last year when its credit ratings were cut to speculative grade as collapsing oil prices and Western sanctions imposed over Moscow’s role in the Ukraine crisis hit the economy. A year on, …read more
Source: Independent Online
