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S&P Cuts Russia's Foreign Currency Rating to 'selective Default,' Saying Russia ... - Latest Tweet by The Kyiv Independent
The latest Tweet by The Kyiv Independent states, '⚡️ S&P cuts Russia's foreign currency rating to 'selective default,' saying Russia was unlikely to honor its obligations to foreign bondholders. In April Russia made Eurobond payments in rubles instead of dollars. S&P believes bondholders are unlikely to convert them into $.'
⚡️ S&P cuts Russia's foreign currency rating to 'selective default,' saying Russia was unlikely to honor its obligations to foreign bondholders.
In April Russia made Eurobond payments in rubles instead of dollars. S&P believes bondholders are unlikely to convert them into $.— The Kyiv Independent (@KyivIndependent) April 9, 2022
(The above story first appeared on LatestLY on Apr 09, 2022 02:24 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
