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Credit Suisse says company defaults in Russia are inevitable.

Global Banking News-December 16, 2014--Credit Suisse says company defaults in Russia are inevitable

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Global Banking News - 16 December 2014

Credit Suisse (NYSE CS) has said that company defaults are inevitable in Russia.

The bank said that more companies in Russia could default following a record drop in the rouble.

An analyst said, 'There is no clear exit from political deadlock, it is not clear if the Russian government has a clear plan and investors always flee from uncertainty. Defaults are inevitable.'

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Publication:Global Banking News (GBN)
Geographic Code:4EXRU
Date:Dec 16, 2014
Words:110
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