LONDON, Sept 18 (Reuters) – Investors are starting to price
the risk of Russia’s credit rating falling to junk if Western
sanctions and Moscow’s response plunge the economy into
recession and deplete its $450 billion reserves.
Being investment grade – at least BBB minus from Standard &
Poor’s and Fitch or Baa3 from Moody’s – allows a borrower to tap
a far wider pool of investors, and losing that ranking would be
likely to cause big outflows from Russian markets.
LONDON, Aug 29 (Reuters) – With only weeks to go before
Scotland votes on independence, the stock market is shrugging
off the impact of a potential break-up of the United Kingdom as
investors adopt a wait-and-see attitude rather than seek
This is as much a reflection of the marginal exposure of UK
stocks to Scotland, with only 12 companies on the FTSE 350 index
based north of the border, as it is about investors’ belief that
Scots will prove the pollsters right and vote not to split.