(Bloomberg) -- Russia's elevation to investment grade late last week has pushed down the cost of insurance against default to the lowest since 2008. The nation's credit-default swaps are now cheaper than those of Mexico, which is rated two levels higher by S&P Global Ratings.
To contact the reporter on this story: Natasha Doff in Moscow at ndoff@bloomberg.net.
To contact the editors responsible for this story: Samuel Potter at spotter33@bloomberg.net, Robert Brand, Dana El Baltaji
©2018 Bloomberg L.P.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
