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)|
|Date:||Dec 16, 2014|
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