Moscow will not be able to fulfill its obligations to foreign debt holders.
After Russia’s invasion of Ukraine, S&P downgraded Russia’s credit rating from BB+ to CCC- / photo REUTERS
Against the backdrop of Russia’s full-scale military invasion of the territory of independent Ukraine, the international rating agency S&P downgraded Russia’s foreign currency ratings to “selective default”.
Moscow will not be able to fulfill its obligations to foreign debt holders. It is reported by Reuters .
In fact, Russia could face the first sovereign external default in more than a century.
“At this time, we do not expect investors to be able to convert ruble payments into dollars equivalent to the amounts originally due, or that the government will convert these payments within a 30-day grace period,” the agency said.
S&P and default rating:
S&P assigns a selective default rating when it believes that a debtor has selectively failed to meet its obligations under a particular issue or class of obligations, but will continue to meet its payment obligations on other issues or classes of obligations in a timely manner.
(C)UNIAN 2022
Mafia land did what it could to prop up its ruble and markets but it only delayed the inevitable. Already, mafia supermarkets have anti-theft devices on normal food products … IF they are even available!
Happy hunger games…
https://ukrainetodayorg.files.wordpress.com/2022/04/russian-sausage-on-lockdown.jpg
That’s when things are getting bad!
https://uploads.disquscdn.com/images/9097a11e7fbbc0bf8b2e6c4cd7d77c0950413370cfb3d601e5307d6d473db695.jpg
Hmm, what should I buy for dinner? 😂
The granny seems to be carrying something that appears to be potato salad. Seems it’s potatoes and vodka 24/7 now… for those who have dollars… the rest can look at empty shelves and remember how much they love Putin.
Putler will blame the West, and these sheep will believe him. I hope they all starve to death.
I agree, sadly, I think the sheep will rally around Putin because the ONLY success they’ve claimed ever are their conquests to feed their evil egos. Who knows though? If their McDonalds are taken away they may rebel.
Look! A shelf manufacturing plant….;)