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S&P cuts Russia's foreign currency rating to 'selective default.'

by The Kyiv Independent news desk April 9, 2022 11:51 AM 1 min read
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The rating agency said on April 9 that Russia was unlikely to honor its obligations to foreign bondholders. Earlier in April Russia made Eurobond payments in rubles instead of dollars, and S&P believes bondholders are unlikely to convert them into dollars.

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