FXMarketAlerts Team
FXMarketAlerts
Published at 07:16 (GMT) 27 Oct
Unsurprisingly after Friday's pressures, the CBR ha shifted the trading corridor for the ruble by 35 kopecks - 75 kopecks in two days- and the top of the corridor now extends to 47.05. Although S&P affirmed Russia's ratings a notch above junk, the outlook on the ratings remained negative and this seems to be sufficient to prevent a relief really from unfolding. The negative outlook indicates a one in three chance for a junk rating within the next two years. GA
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