Russia

Ratings agency Standard and Poor's (S&P) downgraded Russia's foreign currency issuer default rating to BBB from BBB+, while also holding to a negative outlook. According to... 2008-12-09

The Russian rouble was devalued for the second time in as many weeks against the US$/EUR basket it is managed against, trading down by 1% to a 34-month low of RUB31.01/basket on November... 2008-11-24

The Russian rouble was devalued for the second time in as many weeks against the US$/EUR basket it is managed against, trading down by 1% to a 34-month low of RUB31.01/basket on November... 2008-11-24

On November 12 (see 'Debt: Short-Term Value In Venezuela'), we put out the view that the spread of Venezuela's US$ Global 27 over Russia's US$ Global 30 looked ripe for serious compression... 2008-11-18

On October 27, we highlighted the potential for a systemic crisis in the Russian banking system, which in turn would cascade through the entire economy (see Banking Sector: Potential... 2008-11-13

The Central Bank of Russia 's unexpected 1% devaluation of the rouble (versus its US$/EUR basket) on November 11 has prompted us to reassess our negative currency view. While the... 2008-11-12

At first glance, there appears little to like about Venezuelan debt right now. The sovereign remains one of the riskiest plays in Latin America, especially given that Brent crude... 2008-11-12

Just after midnight on November 10, ratings agency Fitch downgraded its sovereign ratings for Bulgaria ('BBB-'), Hungary ('BBB'), Kazakhstan ('BBB-') and Romania ('BB+'), while... 2008-11-10

The implementation of a long-mooted Russian government strategy to provide direct support to the equity market has resulted in a significant boost to the benchmark RTS stock index.... 2008-11-04

Three-month aluminium has come off by approximately 35% since peaking in July, and looks set for further losses. The metal is curently trading at US$2,136/tonne, recently breaking... 2008-10-21