Godlike Productions - Reply to Thread

Users Online Now: 1,722 (Who's On?)	Visitors Today: 748,547
Pageviews Today: 1,276,479	Threads Today: 491	Posts Today: 8,919
02:18 PM

REPLY TO THREAD

Subject Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

Original Message [link to finance.townhall.com]

All three rating agencies are expected to downgrade Russia's debt to junk soon and bailouts to Russian banks are on the rise, but how likely is default?

The Financial Times reports ...
Russia trebled the size of its bailout of troubled lender Trust Bank to Rbs99bn ($1.9bn) on Friday, laying bare the growing financial fallout from its currency crisis and the slump in the price of oil, its main export.

The rapidly rising cost makes the rescue of Trust bank, which foundered as the rouble collapsed early last week, the second-largest seen in Russia.

More in link

Pictures (click to insert)





\| Next Page >>