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S&P cuts Russia’s foreign currency rating to ‘selective default’ | The Express Tribune
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[ad_1] MELBOURNE: S&P on Saturday lowered Russia’s foreign currency ratings to “selective default” on increased risks that Moscow will not be able and willing to honour its commitments to foreign debt holders. Facing waves of sanctions over its invasion of…
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Russia forex payments in ‘selective default’: S&P agency
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[ad_1] Standard & Poor’s headquarters in the financial district of New York on August 6, 2011. — AFP PARIS: Credit rating agency S&P Global Ratings on Saturday downgraded Russia’s foreign currency payments rating to “selective default” after Moscow paid a…
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Russia default would have ‘limited’ global impact: IMF | The Express Tribune
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[ad_1] WASHINGTON: The consequences for the global financial system if Russia cannot pay its foreign debts are likely to be “limited,” a senior IMF official said Tuesday. The United States and its allies have imposed tough financial sanctions on Russia…
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SC defines terms for conviction over default on payment | The Express Tribune
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[ad_1] ISLAMABAD: The Supreme Court has ruled that indefinite confinement over default on payments is in violation of articles 9, 10 and 14 of the Constitution. In his seven-page judgment on a case pertaining to eight-year imprisonment of a person…
