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Olduvai III: Catacylsm
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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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Russian Default Risk Surges To New 6-Year Highs As Ruble Rubble Returns

Russian Default Risk Surges To New 6-Year Highs As Ruble Rubble Returns Just when you thought it was all over… Having bounced post-CBR intervention and somewhat stabilized, the re-collapse in crude oil prices and continued weakness in Russian macro data provided just the impetus for a re-plunge in the Ruble (back above 63.5/USD) and surge in Russian bond yields […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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