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

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April 9, 2022 11:51 amby The Kyiv Independent news desk
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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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The Kyiv Independent news desk
Author:  The Kyiv Independent news desk