The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Tag Archives: 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.
Dollars or Rubles? Russian Debt Payments Are Due, and Uncertain.
Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.
China Evergrande Defaults on Its Debt, Fitch Says
Fitch’s announcement spells out a reality already accepted by investors: The company can’t pay its bills and is being restructured under Beijing’s eye.
‘Fiscal Justice Ratings’ Fight Police Brutality With Finance
A new project aims to incorporate the cost of lawsuit settlements and inequality when rating municipal bonds.
We’re Burying Our Kids in Debt (Just Not the Way You Think)
Debt-financing public education has not only failed to provide schools with sufficient funds. It has also imposed long-term costs.
How Debt and Climate Change Pose a ‘Systemic Risk to the Global Economy’
With dozens of countries struggling to manage both staggering debt and mounting climate disasters, some financial leaders are debating green debt relief.
As Virus Hobbles Economy, Companies Race to Tap Credit and Raise Cash
The clamor for corporate funding is raising concerns about a financial reckoning reminiscent of 2008.