VOICED : Moody's afirma que Rusia incurrió en impago de su deuda

VOICED : Moody's afirma que Rusia incurrió en impago de su deuda

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Interactive Video

Business, Social Studies, History

10th - 12th Grade

Hard

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Moody's announced that Russia is in default as bondholders did not receive payments on two eurobonds worth $100 million by the end of the grace period. This situation does not legally constitute a default due to international sanctions preventing credit rating agencies from evaluating Russia. A creditors' committee will decide on the default status. Russia claims to have made the payment, but it was blocked by banking intermediaries due to Western sanctions. The Kremlin argues that the non-receipt of funds by investors is due to third-party actions, not a failure to pay.

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