There is a 30-day grace period on the relevant bonds, and recent Russian Ministry of Finance's statements suggest that Russia is still attempting to transfer the payment to the bondholders. Investors appear to not have received a coupon payment on Russian government's dollar-denominated Eurobonds when the payment was due on Wednesday, thanks to technical difficulties related to the sanctions, S&P said. S&P downgraded Russia's debt twice since late February, reflecting concern about sanctions and other economic difficulties after Russia's invasion of Ukraine. S&P Global took Russia's debt rating deeper into junk territory late Thursday, saying it considers the country's bonds 'highly vulnerable to nonpayment.' S&P rated it CC/C, from CCC-/C, and kept a negative outlook. S&P takes Russia's debt rating further into junk, saying country is 'highly vulnerable' to default Looking to sell in 2022? The best time to list your home is upon us ‘Rising mortgage rates are no doubt a headwind for housing demand:’ Mortgage rates soar above 4% for the first time since 2019 Oligarchs famously favor luxe New York apartments, but here’s where most Russian-born buyers would rather reside Reluctantly, Americans adapt to rising gas prices.įederal labor board seeks to force Amazon to reinstate fired worker ‘It feels like we’re being robbed’: Carpooling, waiting in line for Costco gas, and no more driving grandkids. North Carolina man used Game of Thrones-themed companies - White Walker, Khaleesi and The Night’s Watch - in $1.7 million COVID-19 relief fraud What That Means for the Stock.īarry Diller’s gambling license is delayed by Nevada regulator

War in Ukraine: Rescuers search theater rubble as Russian attacks continue 13-year-old was driving pickup in Texas crash that killed 9, NTSB says

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