Man standing outside Moodys office in this file photo.

Russia defaulted on debt: Moody’s

by Pakistan News
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Man standing outside Moody’s office in this file photo. 

PARIS: Moody’s ratings agency has confirmed that Russia defaulted on foreign debt for the first time in a century after bond holders did not receive $100 million in interest payments.

“Further defaults on future coupon payments are likely,” Moody’s said in a statement late Monday.

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