Standard & Poors ratings:
- says Russia foreign and local currency ratings lowered to 'CC' on high vulnerability to debt nonpayment, still on watch negative
- says public statements by Russian ministry of finance suggest to us that the govt currently still attempts to transfer payment to the bondholders
- says it thinks that debt service payments on Russia's Eurobonds due in the next few weeks may face similar technical difficulties
- says at this point, we consider that Russia's debt is highly vulnerable to nonpayment
more to come
