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S&P DOWNGRADE INDICATES RUSSIA HEADED FOR HISTORIC DEFAULT
Associated Press
April 9, 2022

The credit ratings agency Standard & Poor's had downgraded its assessment of Russia's ability to repay foreign debt, signaling rising prospects that Moscow will soon default on external loans for the first time in more than a century.

The country has not defaulted on foreign debt since the Bolshevik Revolution in 1917, when the Soviet Union emerged. Even in the late 1990's, following the Soviet Union's demise, Russia was able to continue to pay foreign debts with the help of international aid. It did default of domestic debt, however.

https://www.marketwatch.com/story/s-p-downgrade-indicates-russia-headed-for-historic-default-01649525295?siteid=yhoof2

h/t PergnVA - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168512990

"Meanwhile, Doubleplus Good Planner of Wars Putin has placed his own, personal Beanie Baby collection up for auction on eBay to anybody willing to pay in rubles, and Russia’s getting kicked out of the G20 the hard way, but maybe, just maybe, Bret Stephens is right, and this monthlong fuckup parade actually masked the master plan of a KGB super genius playing eleventy-fifth-dimensional chess, and the West is playing directly into his hands by providing the arms that’re destroying his military machine in front of the watching world, and taint-punting his cut-rate economy into the fucking sun."