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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Russia Debt One Grade Above Junk With Downgrades Coming, How Likely is Default?
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Poster Handle
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Anonymous Coward |
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Post Content
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[ 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 Are you not seeing all the threads about them designing and bringing online a new credit system? It really makes your thread irrelevant... Irrelevant my ass....while the credit rating agencies are a fraud many sheep around the world believe and invest in this current bullshit system....For example the US debt bubble is partly propped up on positive speculation... Why don't you just be honest and admit you are shitting your pants because soon, your beloved USA will officially be the toilet it has been mving towrarfs all these years, and your precious cozy lifestyles will be a thing of the past. You are fighting for your survival... 
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