UBS credit default swaps hit decade high after Credit Suisse blow out
LONDON (Reuters) – The cost of insuring exposure to debt issued by Swiss lender UBS rose to a decade high on Monday after peer Credit …
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UK credit default swaps hit fresh 27 month high
LONDON (Reuters) – The cost of insuring exposure to Britain’s sovereign debt rose by 2 basis points on Wednesday, hitting levels last seen in June …
Fund managers shun China property bonds on default risks
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – Fund managers are cutting their holdings in Chinese property bonds by half or even more as the …
S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating
(Reuters) – Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to ‘D’, representing default, following missed interest and principal …
Explainer-Ukraine pushes for debt freeze to dodge hard default
By Karin Strohecker and Jorgelina do Rosario LONDON – Ukraine has asked its creditors for a two year payment freeze on its international bonds in …
Analysis: Sanctions on Russia’s debt entangle default insurance payouts
By Davide Barbuscia and Karin Strohecker NEW YORK – Investors hit by Russia’s debt default may have to settle some of their positions privately if …
S&P upgrades Chinese developer Greenland days after cutting to ‘selective default’
HONG KONG – S&P Global Ratings raised Greenland Holdings Corp Ltd by one notch to “CCC” on Wednesday, after the Chinese state-backed property developer completed …
Japan says hard to confirm impact from Russia’s debt default
TOKYO -Japanese Finance Minister Shunichi Suzuki said on Tuesday that it was “a little difficult” at present to confirm the definite impact on Japan from …
Explainer-Faced with Russia default, bondholders brace for legal maze
By Jorgelina do Rosario and Rodrigo Campos LONDON/NEW YORK – Holders of Russia’s external debt, which Washington says is already in default, face unusual circumstances: …
Russia pays dollar-bonds in roubles as it seeks to avoid default
LONDON – Russia’s finance ministry said on Thursday it had fulfilled obligations on two dollar-denominated Eurobonds “in full” by sending interest payments in roubles to …
Putin signs decree on new scheme to service Eurobonds as default looms
LONDON – President Vladimir Putin signed a decree on Wednesday to establish temporary procedures aimed at fulfilling Russia’s foreign debt obligations as the country teeters …
Column-A ‘hurricane’ of double-digit default rates :Mike Dolan
By Mike Dolan LONDON – If indeed there is an economic hurricane coming, then someone should shake the junk bond market. JPMorgan boss Jamie Dimon …
Plagued by default fears, Russian e-commerce player Ozon boosts spending
(Reuters) – Flagging escalating fears it may default on some corporate debt, Russian e-commerce player Ozon said it has increased its capital expenditure and seen …
School and Owner Pay Over $1 Million to Resolve Allegations of Attempts to Improperly Influence the School’s Student Loan Default Rate
Vanessa Roberts Avery, United States Attorney for the District of Connecticut, today announced that CAREER TRAINING SPECIALISTS, LLC, doing business as STONE ACADEMY, and its …
U.S. Treasury pushes Russia towards default: What next?
By Karin Strohecker and Sujata Rao LONDON – Russia edged closer to a historic debt default on Wednesday after the United States decided against extending …
Goldman Sachs expects one third of HY China property firms to default in 2022
LONDON – Goldman Sachs said on Friday it now expects around one third of high-yield China property firms to default in 2022, with stresses on …
Explainer-Washington holds key to Russia’s sovereign default
By Karin Strohecker and Jorgelina do Rosario LONDON – The prospect of a Russia sovereign default is moving centre stage again with a deadline for …
Analysis-Aircraft lessors gird to battle insurers over Russia jet default
By Padraic Halpin, Conor Humphries and Tim Hepher DUBLIN – Lessors with hundreds of jets stuck in Russia are preparing for what one said would …
Russia swerves to avoid default: what is next?
By Rodrigo Campos and Davide Barbuscia NEW YORK – Russia may have averted default as it announced it had made several overdue payments in dollars …
Russia makes last-gasp dollar bond payments in bid to avoid default
(Reuters) – Russia made what appeared to be a late u-turn to avoid a default on Friday, as it made a number of already-overdue international …
S&P cuts Sri Lanka to ‘selective default’ on missed payments
(Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selective default’ after the South Asian country missed …
Russia faces risk of “orchestrated” default on state debt -VTB CEO
(Reuters) – Russia may face an “orchestrated” default on state debt due to Western sanctions which should not be seen as a technical default, the …
Determinations committee says Russia in potential default on sovereign debt
LONDON -A derivatives panel has ruled on Wednesday that Russia could be in default after it failed to make a payment due on April 4 …
Kremlin says there is no reason for Russian debt default
(Reuters) – The Kremlin said on Monday that Russia had the resources to pay its debt so there was no objective reason for a default. …
Russia, facing default risks, says will do all possible to pay creditors
(Reuters) – Russia will do everything to make sure its creditors receive their money, Finance Minister Anton Siluanov said on Thursday, a day after the …
Analysis-Russia debt investors in limbo as default risk increases
By Davide Barbuscia, Alexandra Alper and Karin Strohecker NEW YORK/WASHINGTON/LONDON – Investors in Russia’s international bonds face an increasingly uncertain path to recover their money …
Russia, China woes risk worst EM corporate default wave since financial crash – JPMorgan
By Marc Jones LONDON – JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst …
Goldman says China high-yield developers’ default rate understates stresses
SHANGHAI – Chinese high-yield property issuers have by one measure defaulted on nearly a quarter of their outstanding bonds this year, Goldman Sachs analysts estimated, …
Russia rouble payment of USD coupons would be a sovereign default -Fitch
NEW YORK – Credit ratings agency Fitch said on Tuesday that if Russia were to make two U.S. dollar bond coupon payments due Wednesday in …
As Russia risks default, country sends order for coupon payments
– The Russian Finance Ministry said on Monday it has sent an order to a correspondent bank for the payment of coupons on eurobonds amounting …
Moody’s cuts Russia rating to Ca on rise in default risk
LONDON -Moody’s cut Russia’s credit rating to Ca on Sunday, the second-lowest rung of its ratings ladder, citing central bank capital controls that are likely …
Explainer-Argentina’s new IMF deal pushes default fears down the road
By Walter Bianchi BUENOS AIRES – Argentina has sealed a staff-level agreement with the International Monetary Fund (IMF) for a $45 billion program, which will …
China central bank warns of default risks after climate stress test
SHANGHAI – China’s banks face rising default risks as a result of higher climate-related costs in carbon-intensive sectors like thermal power, steel and cement, Liu …
House Approves Debt Ceiling Increase, Temporarily Delaying Nationwide Default
The House on Tuesday voted to lift the debt ceiling by $480 billion, temporarily averting widespread economic calamity after weeks of partisan gridlock and sending …
Congress Skirts A Nationwide Debt Default After Last-Minute Agreement
The Senate Thursday evening temporarily averted a debt default after passing legislation to extend the debt ceiling and cover the nation’s bills until December. The …
Schumer Says Deal Reached To Lift Debt Ceiling, Avoid Nationwide Default
Senate Majority Leader Chuck Schumer announced Thursday that a deal was reached to raise the debt ceiling and avoid a nationwide default. The deal extends …
