What Sanctions? Russian Markets Are Over It [Bloomberg Business News]
Moody's Corporation (MCO)
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Source: Bloomberg Business News
The stronger dollar may have taken its toll on Turkey and Argentina but there is one notable exception to the stresses plaguing emerging markets – Russia. Investors have largely shrugged off the shock from U.S. Treasury sanctions being imposed for the first time on specific Russian companies, notably aluminum producer United Co. Rusal. The MOEX Russia Index, the country’s benchmark, just hit a record high. Sanctions? What Sanctions? Russia's stock market has brushed off the U.S restrictions and is making record highs again Source: Bloomberg The creditworthiness of Russia took a knock, but in the greater scheme of things it is just a blip. S&P Global Ratings in February lifted the sovereign back into investment grade, at BBB-, and it has not revised its view since. Moody's Investors Service, which has a Ba1 rating with a positive outlook, said April 19 that Russia's economy can weather the new sanctions. Just a Little Bump The cost of insur
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MCO
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- 2/14/24 - Miss
MCO
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- 4/19/24 - Form 8-K
- 4/2/24 - Form 3
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