Russia triggers failure-to-pay credit event

By Dan Alderson

Wednesday, June 01, 2022

The Russian Federation has triggered a failure-to-pay credit event on sovereign bonds, the Credit Derivatives Determinations Committee has ruled – marking an historic moment that caps off a long run of deliberations on the country’s international debt since it invaded Ukraine on 24 February

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TAGS: Asia CDS Emerging markets Europe Distressed debt Credit derivatives Default North America

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