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War in Ukraine: Fitch Ratings warns "russian" bond default 'imminent'

Litwin

Litwin

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A leading ratings agency has warned Russia is likely to soon default on its debts, as it downgraded the country's bonds further into "junk" territory.
www.bbc.com

War in Ukraine: Russia soon unable to pay its debts, warns agency

Russia will soon be in a position where it is unable to pay its debts, says Fitch Ratings.
www.bbc.com
www.theguardian.com

Russian bond default ‘imminent’, as inflation jumps; markets surge as oil falls back – as it happened

UK announces new aviation sanctions against Russia and investigates plane at Farnborough
www.theguardian.com www.theguardian.com

pootler keeps the promises , he really gave the ussr the second chance ))) not sure that even his closest buddies happy today ))

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As War Drags On, Moscow Expert Says ‘Putin Needs To Watch His Back’

qestion : does Putin need to watch his back? It doesn't take an expert to say Putin needs to watch his back. 😁(y)
debatepolitics.com debatepolitics.com
 
Roadvirus

Roadvirus

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Sadly, Putzin still won't give a shit.
 
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georgephillip

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Wall Street's credit default swaps (CDS) apparently have the potential to spark a liquidity crisis today much as they did in 2008:eek:

https://wallstreetonparade.com/2022...41-billion-on-credit-default-swaps-on-russia/

"There is a known $41 billion in Credit Default Swaps (CDS) on Russian debt.

"There is likely many billions more in unknown amounts.

"There are also billions more in Credit Default Swaps on state-owned Russian corporate debt and non state-owned Russian corporate debt.

"In addition to Wall Street not knowing which global banks and other financial institutions are on the hook to pay out on the Credit Default Swap protection they sold in case of a Russian sovereign debt default (or Russian corporate debt default), there is also approximately $100 billion of Russian sovereign debt (whose default is looking more and more likely) sitting on the balance sheets of foreign banks."

"Put it all together and you have the makings of a replay of the 2008 banking crisis when banks backed away from lending to each other because they didn’t know who would fall next from toxic subprime exposure.

"That led to a liquidity crisis and the unprecedented involvement of the Federal Reserve secretly pumping trillions of dollars into the megabanks on Wall Street and their foreign derivative counterparties."
 
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