Russian sovereign upgrade to hasten spread tightening, unsecured lending for corporates

09 Oct 2003

Moody's surprise two notch upgrade of Russia's sovereign rating to investment grade (Baa3) should compress lending spreads for Russian corporates further, and hasten the development of unsecured lending.

"The upgrade is another piece of good news and will become another factor in pushing Russian pricing down," said Peter Kennedy, ...

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