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Olduvai III: Catacylsm
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Connecticut Capital Hartford Downgraded To Junk By S&P

Connecticut Capital Hartford Downgraded To Junk By S&P One week ago, Illinois passed its three year-overdue budget in hopes of avoiding a downgrade to junk status, however in an unexpected twist, Moody’s said that it may still downgrade the near-insolvent state, regardless of the so-called budget “deal.” In fact, a downgrade of Illinois may come […]

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Petrobras Default Looms Under $90B Dollar-Denominated Debt

Petrobras Default Looms Under $90B Dollar-Denominated Debt There is blood on the streets wherever you look in Brazil today, but probably of most interest to the hundreds of US asset managers (the ones managing your mutual funds) is what happens to Petrobras as it remains so widely held. As we noted below, bond prices are collapsing […]

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S&P Cuts Russia To Junk, Ruble Plunges To 6-Week Lows – Full Text

S&P Cuts Russia To Junk, Ruble Plunges To 6-Week Lows – Full Text With the Ruble having plunged 3 handles today alone, it appears perhaps more than a few could see this coming… RUSSIAN FEDERATION RATINGS CUT TO JUNK BY S&P RUSSIAN FEDERATION CUT TO BB+ FROM BBB- BY S&P; OUTLOOK NEG Putting it below […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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