₦airaland Forum

Russia’s Rating Cut by Fitch, Seeing
‘Imminent’ Bond Default
Maria Elena Vizcaino and Sydney Maki, Bloomberg News

(Bloomberg) -- Russia was downgraded to the second lowest level by Fitch Ratings, which said a bond default is “imminent” as a result of measures ushered in since the war in Ukraine.
The company cut Russia’s rating by six notches to C, just one step above borrowers who have already been driven into default, it said in a statement Tuesday.
“The ‘C’ rating reflects Fitch’s view that a sovereign default is imminent,” it said. “The further ratcheting up of sanctions, and proposals that could limit trade in energy, increase the probability of a policy response by Russia that includes at least selective non-payment of its sovereign debt obligations.”
Russia’s credit score is sliding deeper into junk as concern over the repayment of government debt mount. Moody’s Investors Service cut its rating on Russia earlier this week, while S&P Ratings has the nation three levels above a default score.
“Current valuations are pricing in a high likelihood of a default,” said Todd Schubert, the head of fixed-income research at Bank of Singapore. “The Fitch downgrade reflects the consequences of Russia’s increasing economic, financial and political isolation.”
The developments since Fitch last downgraded Russia six days ago have further undermined the country’s willingness to service government debt,
according to the statement. Russia is contending with the economic sanctions that have piled up and left the country increasingly isolated since the war began. The U.S. on Tuesday announced a ban on Russian oil imports.
Fitch cited a step that could force foreign-currency-denominated bonds to be repaid to some creditors in rubles, which have plunged in value since the invasion. “Default on Russian sovereign eurobonds looks inevitable and is set to last some time, with bleak recovery prospects,” Stuart Culverhouse, the head of sovereign and fixed-income research at Tellimer, a research firm that specializes in emerging markets, wrote in a note published Monday before the downgrade. “And bond prices pretty much reflect this, with most USD bonds now trading in the 20-30 range.” Worries over the impact of the war are rippling to other borrowers. High- grade dollar credit spreads globally widened Tuesday to levels not seen since the middle of 2020, according to a Bloomberg index.
Russia’s default may come as soon as April 15, which will mark the end of a 30-day grace period on coupon payments the Russian government owes on dollar bonds due in 2023 and 2043, Morgan Stanley’s Simon Waever said in a note Monday.

https://www.bnnbloomberg.ca/russia-s-rating-cut-by-fitch-seeing-imminent-bond-default-1.1734715


More Wahala for Poot-it -In and his Minors.

BigBashiru:
You are a stupid savage. Go worship ud white masters and leave the rest of us alone. Don't forget to ask Ducan Smith to give you your banana for dinner since uve admitted to being a monkey. Idiot.

I laugh in Chinese.

They say the truth is always bitter, see how angry you are becos you know all your points were fantasy & illusions of a kid and I just exposed your naivety.

Wakeup smell the coffee.

BigBashiru:
Duncan Smith will give you white man sh** to eat tomorrow morning to eat. After that you should ship yourself to western europe to become their slave...

See response.
For all your claim that Africa had technology and science before the Europeans came its this crap you can give as evidence?

Shame on you.

Appleyard:
Whomever tells you France and Germany will fight Russia when shite hit the fan is deceiving you.

You are now top CIA, M16and KGB agents that has info on France and Germany?

Pootin boys would never stop to amaze me!!!!!!.

BigBashiru:
I lost this thread, and im glad ive found it.

The problem is your brainwashing is sealed and nothing I say will change it. You, just like the 99% of nigeria are still mental slaves.... i know for I was for many decades...until I analyzed it all and found i was told lies.... just do me a favor, share the truth with others similarly enslaved....

Centuries before Faraday, Einstein etc.... plenty non europeans including africans had done all that stuff faraday et al claimed to have discovered. check very well the dates of their alleged inventions, it was during the colonial era with a colonial military regime and no one could oppose it.... just the same way they said english must be official language in nigeria.

https://en.wikipedia.org/wiki/History_of_science_and_technology_in_Africa

https://www.africa.upenn.edu/Bibliography/African_Origins_Math.html

I no get energy to type or argue but just think deep about what i said about mental slavery... its not an insult... there are many more inventions but i just dont hve the time

You are more deluded than I thought,
Give me evidence and facts not wishful thinking.

For your information Europeans were greater than Africans 2000years ago and are still greater than Africans now and also in the future.

No African civilisation can compare with the Roman or Greek empire of 2000years ago.

Wakeup from tour slumber, you are fighting a lose and fruitless battle.

olugabbie:
US wanted to invade Japan. But when they consider the cost of the invasion (human cost e.t.c). They decided to us Atomic bomb instead. Japan was not invaded like German. She surrendered.

US invaded Japan's Island of Okinawa..
The use of the atomic bomb on Japan was to send a strong warning to Japan and it allies as well as launch US as the undisputed World power.

Weather invaded or not Japan was defeated in their own kitchen.

Appleyard:
So you know Russia has nuclear weapons? And what make you think Russia would sit back and watch France, UK and the US launch nukes at it?

You should be asking yourself that question.

Can Russia handle US,UK,France,Germany and NATO all at the same time?

sanpipita:
They are quick to mention nuclear weapons because that's only deterrence Russia has, funny enough they wont tell you it ends in mutual destruction, in a conventional war Russia will be erased from the earth, look at how Ukraine is killing their generals like chickens.

True.
The funny part is that Russia is not even the first country to have nuclear weapon neither have they used it before.
But pootin boys want us to believe that only Russia has capability of throw nuclear bomb.

Parrot69:
Kid when matured mind speak, you shut up and listen. Your overzealous could hinder your many opportunities in life. Read about the Act of war; There’s what we call propaganda, that’s is the greatest tool of mankind. It’s been peddled by the Western media. You are matured enough to know what it has done to we Africans as a Continent and an individual. The Ukrainien forces CLAIMED they killed 2 Russian General, how many do we know were killed by the Russian forces since the war started or how many Ukrainien jets were shot down cos it’s clear who now control the Ukrainien airspace. U
A lot of western media will peddle a lot of lies to boost morale since all Russian media outlet are blocked off from the media space.
If you were around during the Nigerian civil war, you will understand that Ojukwu initiated the same process to press the Nigerian army though it’s was clear he was losing.
Believe me If Russia wants to hit Zelensky today today, they will and have the man power to do it , but they are just being cautious.

Story for the gods

Appleyard:
If Russia send one of it's hypersonic glide nuclear vehicle to US, France and UK, wouldn't they be destroyed?

And you think those Country would sit back and watch Russia?
I hope you know that UK,US and France are all Nuclear weapon nations, abi you think only your Russia has nuclear weapons?

olugabbie:
Most people view war as video game. US killed the Iranian general and Iran responded by attacking US base in Iraq with missiles. The whole world expect the US to respond. But they didn't. You want to know why?

It is the cost. Before embarking on a Military campaign, you assess the cost.

Well, it depends on who the aggressor is. If the aggressor is Russia, she will loose to NATO. But NATO is the aggressor. NATO will loose to Russia. It is highly impossible to defeat Russia at home. Likewise China.

Crap.

Did Japan not lose at home?

If France ,US and UK all throw nuclear bomb at Russia, would Russia not be destroyed?

unclejb2:
The oil boom caused by this war will favor our politicians providing them with more money to loot but it will be a huge disadvantage to the masses as prices of everything goes up.

Dreamer

emysmile:
For those thinking Russia, China, North Korea are weaklings ....
Hmm

Hear this: person way no say dem hate am, say bad belle dem dey wait him disgrace, dey work hard pass hardwork.

Their craze na die o!

They're Vikings gidi, they don't mind for the whole world to end o

All noise.

None of them has over thrown nuclear bomb on another country.

US have done that.

Ask Japan if you are confused.

Cantonese:
“ Russia haven't declared real war yet just "denazification" and "demilitarization". So what is Russia presently doing with bombing, killing, capturing of cities, capturing nuclear sites, raping, maiming, pushing in more heavy equipment, pushing in more soldiers, propaganda, etc?

Some of you deserve some bulala with your level of inability to comprehend these matters.

They are playing friendly match.
When Finally loses this war they claim that Russia never meant the war to be serious.

CharleyBright:
I salute the entire Ukrainians both men and women for their courage and bravery.
Many people had expected Russian Army to overrun Ukraine within 2days. But if they haven't been able to do that in almost 2weeks, it means they Ukrainians are no pushover and they are fighting back strong against a highly equipped Russian Army.
Over the weekend I overheard a group of people hyping Putin and Russia that Russia will easily defeat America in a war. I could help than ask them how will Russia defeat America Russia could win a battle against the US even when they were fully one Nation as USSR, is it now that they are depleted nation?
In terms of Military power, the US pass them. There is no doubt that the US is number 1 super power in terms of Military and technology ( though china has overtaken them in technology). And War is won on 3 basisc factors - Military equipment, Technology and Strategically expertise. And in all these factors, the US surpass Russia.
The fact remains that Russia would have easily lost this war if they were fighting the war against the US and NATO forces.
Common Rag tag Ukraine army see as Russia is struggling.
Putin better carry is Army out of Ukraine before he is shamed.
Fool

China overtake US in technology!!! how?

Na this copy copy China dey do?

darediamond:
Prove it....

Go and read about him.
And also read the Red Symphony, a book about Russia and the role the elites played in 2nd WW2.

IgOga:
If they want to go full tonto ( to borrow UK defence Chief's words) they should sanction Russian Wheat and OIl and see how protests will erupt on the streets across the world....One thing in Russia's favour is that they have food and medicine...even Iran as bad as they are in Authoritarian tendencies couldn't stop food and oil protests.

It is the strategy Russia is using in Ukraine....siege the cities when they are hungry they will rebel against their government and Russia will open a humanitarian corridor that leads straight into Russia where they will be fed and clothed and when the war is over the people will be forever grateful to Russia..

We all know the beginning of a war no one knows the end of it and this is my fear in all of this it can escalate quickly and Biden is not that strategic he is just reacting to things...Russia is leading in the strategy here...by the way Russian oil is very cheap o....sold at a discount ($20 cheaper).

Our minister of Petroleum (Mr Buhari) should use this opportunity to sell to the US but he's in hospital bed in London

If that was working why did they need to invade Ukraine?

Why not siege the wheat and fuel so Ukrainians would unseat their government ?

iko123:
Most refineries in Europe were designed based on Russian crude oil. It is not easy to start redesigning a refinery to suit a different crude. It will take some years to accomplish. US is still weighing their options before cutting Russia off on crude supply. The price of crude will continue to soar until a solution is discovered. That's why it is good for countries to depend on your country for their survival. Russia is self sufficient in producing and managing their mineral resources.

Crap.
Is it why Russia has been stagnate for years?
Why China from behind came and overtook Japan to become the World 2nd largest Economy, a position Japan has held for years.

Russia would be claiming World power yet their economy is smaller than that of US state of Carlifornia

darediamond:
The Question Is: Can Queen Elizabeth and Other Private Families In The Circle Of Committee Of 300 who own NATO, USA and Europe do withouth Oil Business??

Bunch of Murderous Occultic one world government shapers.

Putin, Give them no gas anymore, Let them Freeze!!!!

And you think Putin is not part of the NWO?

MERCHANDISER:
Putin don't need to bomb them.
Just cut gas supply for a day.
many people will die in Europe

The Russians would breathe their gas?

The Russians also need the money especially now that their currency is worth less than paper.

EU can get gas through LNG. A terminal can be designed and built in less than 24months.

RapistOnBail:
Like I said earlier,


I can’t wait to see the downfall of the great USA

Keep dreaming

bluefilm:
Hypocritical West.

Putin knows that he already holds them by the Balls.

It's just a matter of time before he starts squeezing the balls.

Then you will hear them shouting out in pains like the little pussy they are.

Nonsense.

Crap.

Is Russia not feeling the sanctions?
Yes or No?

seanwilliam:
so Chinese can be trusted ??

Lol....sometimes I wonder how this clowns reason.
Most of them have never dealt with Chinese ppl.
Very Naive Africans

Am telling from experience.

BigBashiru:
Which "western input"?? Nigeria was invaded by Britain in 1856 and a British military regime (aka colonial government or military colonial administration) was installed which decreed that English must be taught and spoken. That's why materials is taught in English today....

Mali refinement of gold predates European arrival on the continent.... Nigeria had been extracting and refining bronze before the british arrived.

Mathematics physics etc hv existed in africa before European arrival...and the western European countries aren't the pioneers in those areas - that's what the colonial government said must be taught. There are 190 countries in the eorld

I feel sad for what has happened to the minds of folks like you but if you want to keep believing british superiority then that's up to u I can't stop u.

Dreamer.
You would have given evidence to show African inputs to physics and science.
Show me the laws and equations in physics and Chemistry that Africans gave the World?

BigBashiru:
The educational materials you call "western" are not really western. There are 190 countries in the world all of who advanced science, technology etc. Science and technology is not owned by about 5 western European countries and the US (collectively called the West)....

We already teach yoruba and igbo in schools together with English so we good

This brainwashing has eaten deep.... it's finally time to do something about it. After ur own mind is decolonized, pls also decolonize the minds of your friends

When you show me Topics or research or curriculum entire in Igbo, yoruba and hausa without western input I would take you serious.

udumosam23:
Who makes the rules? How many of those rules have the US violated and who summoned them?

If they wanted to do anything, they will create a media propaganda to justify their action howbeit rules of engagement.

You still did not answer my question.

If Ukraine was a member of NATO your call to US to get involved directly in this war would have been justified.

Ukraine is not a NATO member.
If Russia feels they are tough they should attack a NATO member than you would better understand my point.

udumosam23:
The Ukrainian President is daft. The west simply want to access Russian strength and weaponry. All these deceit is to move Russia into full blown war with Ukraine so they can see what other weapons they got out there and begin to sturdy them.

Believe me, if the west was certain that it will easily run over Russia, she would've seen reason enough to engage it.

What a good political analyst.
What happened to international rule of engagement?

BigBashiru:
Please write to the Federal Ministry of Education and the ministry of Education in your state. Tell them to stop teaching that mungo Park discovered river Niger, slessor stopped killing of twins(it may not have been her at all or it couldn't hv been only her), Wilberforce stopped slave trade (not true). These are things the colonial administration (British military regime) said must be taught. The Ministry needs to be taken to arbitration or mediation center and the case should ask the court to compel them to include Nigerian and African scientists mathematicians philosophers etc to the curriculum in addition to the European ones. That's the only way the inferiority complex and white worship will stop. We are still being taught the colonial curriculum. Pls tell this to 5 ppl then tell those 5 ppl to tell 5 more people and continue till this spreads.

You would have also written to them to stop using English and western educational materials to stop teaching, why we develop our own.

naija4life247:
Russia will swallow all if it can't chew it. Putin will rather help God to end the world than allow US and Europe to humiliate him. If NATO comes out to fight Russia, then the prophecy of the Bible about the world coming to an end may come to pass quicker than we expect.


Me, I don confess my sins and born again. I have called all my side chicks and told them that I have forsaken the Devil and his handiworks. Just incase we all wake up at the gate of Heaven and Hell tomorrow morning after Putin must have nuked us all overnight.

LOL....you seem to be wise.

KaluwisxPRO:
Because Putin the Mad dog said any interference will face great consequences, why is he taking forever to hit NATO and US who’re arming the Ukrainians?

Madness no dey him head again?

The fear of NATO and US is the beginning of wisdom for Pootin.

cherryCola:
If world war III breaks out Africa will be the most
safest continent

Story is ones evil Kinsmen and leaders in Africa not worst than 3rd world war?

Africa has been in 3rd World War since .

Are you just coming?

neuf:
you guys be funny on this platform. You do know trade is an important piece in international relations right?

Who do you think is China largest trading partner at the moment?
So in your opinion, China will dump all her trading partners in order to accommodate just Russia thus isolating herself further and further.

some of you are just good at commenting on Nairaland. you would theoretically run a country or company into the ground

On point