![]() ![]() Other debt service payments on Russia's Eurobonds due in the next weeks "may face similar technical difficulties," S&P said. 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 ![]()
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