Caja Madrid To Price 2-Year Euro Bond At Swaps +1.80 Area

-(Dow Jones)- Spanish bank Caja de Madrid is expected to offer a planned two-year, euro-denominated benchmark bond in the area of 180 basis points over mid-swaps, one of the lead managers said Thurs...

As S&P Cut The Credit Rating, Russia’s Crisis Wends On Down Its Long Winding Road

Russia's long-term sovereign credit rating outlook was lowered yesterday (Thursday) - to negative - by Standard & Poor's Ratings Services due to their assessment that the cost of the government's "bank rescue operation'' may increase. S&P cut their outlook from stable, a move which re...

As S&P Cut The Credit Rating, Russia’s Crisis Wends On Down Its Long Winding Road

Russia's long-term sovereign credit rating outlook was lowered yesterday (Thursday) - to negative - by Standard & Poor's Ratings Services due to their assessment that the cost of the government's "bank rescue operation'' may increase. S&P cut their outlook from stable, a move which re...

Russia’s Crisis Spreads Right Across The Domestic Credit Market

Well the action in Russia this week has moved on slightly, and the damage has started to spread from pressure on the domestic stock market (accompanied by capital flight) to the real economy - via a very rapid tightening in credit conditions for Russian domestic users. We are also seeing a rapid ...