The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Tag: Credit Ratings and Credit Rating Agencies
Russia appears to have avoided default as it makes a $117 million bond payment.
Sanctions have isolated the country financially, driven down the value of the ruble and cut off Moscow’s access to about half its foreign currency reserves.
China Evergrande Has Defaulted on Its Debt, Fitch Says
A ratings agency’s declaration confirmed what investors had already suspected, but they now must wait on a restructuring plan overseen by the firm hand of Beijing.
Ratings Agency: Violence Could Undercut Israeli Economy
Rioting and mob attacks could undercut Israel’s recovery from the economic impacts of the pandemic, Fitch says.
How Debt and Climate Change Pose ‘Systemic Risk’ to World Economy
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are calling for green debt relief.