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+--- Thread: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent (/showthread.php?tid=264934)
RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - hal - 03-08-2022
https://www.reuters.com/markets/europe/fitch-cuts-russias-rating-says-debt-default-imminent-2022-03-08
Fitch on Tuesday downgraded Russia's sovereign rating by six notches further into the junk territory to C from B, saying a default is imminent as sanctions and trade restrictions have undermined its willingness to service debt.
The country's financial markets have been thrown into a turmoil by Western sanctions after it invaded Ukraine, raising significant concerns over its ability and willingness to service debt.
Morgan Stanley pegs that date at April 15 https://fortune.com/2022/03/08/morgan-stanley-russia-default-april-venezuela/)
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - Racer X - 03-08-2022
If they start defaulting on loans, what is going to get repossessed? Pretty sure that will cause a temper tantrum.
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - gadje - 03-09-2022
What are the consequences if Russia defaults?
RUB lost 42% in on month
https://www.google.com/finance/quote/RUB-USD?window=1M
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - Racer X - 03-09-2022
We could buy all their nukes in exchange for food?
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - SteveG - 03-09-2022
1 ruble=$.0078
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - gadje - 03-09-2022
1 ruble=$.0074
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - cbelt3 - 03-09-2022
Racer X wrote:Ukrainian farmers are already driving away with tanks and armored vehicles...
If they start defaulting on loans, what is going to get repossessed? Pretty sure that will cause a temper tantrum.
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - pdq - 03-09-2022
In the dead-tree paper today, they quoted two military guys as saying essentially, well, now we’ve gotten a look at the enemy team, and it turns out they sure weren’t nearly as capable as we thought.
They still think that sheer numbers will “win”, but that for all his trouble, Putin will face an endless, bloody Ukrainian insurgency if he does.
Re: RU bonds downgraded 6 notches to pure junk status - Fitch says default imminent - hal - 03-09-2022
cbelt3 wrote:Ukrainian farmers are already driving away with tanks and armored vehicles...
[quote=Racer X]
If they start defaulting on loans, what is going to get repossessed? Pretty sure that will cause a temper tantrum.
I've read that Ukrainian farmers are now the 6th largest military on the planet