Bleak mood in Russian loan market deepens

22 Jan 2009

Bankers are increasingly bearish about the outlook for the Russian loan market this year, despite signs that the country’s top borrowers, such as oil company Rosneft, are still able to secure facilities.

Rosneft is the only Russian company to have secured a chunky loan from international lenders this year, but bankers warned that the blue-chip’s success in pulling in commitments did not herald a return to form for what was one of the busiest regional markets last year.

“You would need ...

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