Home/Currency/EUR/Forex News Round Up/USD

Sanctions Have Put Russia’s Debt Issuers at Risk of Downgrade

Share Print 0

Russia has the highest concentration of debt issuers at risk of downgrade of any emerging market country, according to ratings agency Standard and Poor’s (S&P).

Across developing countries in Asia, Eastern Europe, the Middle East, Africa and Latin America, Russia had the greatest concentration of entities – be they companies, state institutions or government — poised for downgrades, according to a research paper from S&P on Friday.

“Falling commodity prices and increased geopolitical concerns gave Russia the highest concentration of potential downgrades, at 27 issuers,” S&P said.

Countries and businesses across emerging markets that were at risk of downgrade were rated from AA-minus down to B-minus that had either negative rating outlooks or ratings on “CreditWatch” with negative implications.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

Back to Top