Lenders shun Russia despite loan market thaw

31 Aug 2009

A handful of new international loans in Russia have woken this market out of hibernation. But with bank lenders still very reluctant to take on more exposure, this by no means spells a recovery.

The pace of the syndicated loan market’s rehabilitation in western Europe this year has so far exceeded (admittedly low) expectations. But with international banks still reluctant to return to the emerging markets, one notable area where the lending market has failed to make any palpable recovery is Russia. ...

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