Articles by Konstantin Dzhimbinov

The Rescue Club

  • 04 August 09
  • RB partners
Times are tough for the Russian corporate bond market. The international financial crisis has strengthened negative tendencies, while the inability of companies to meet their debt obligations has caused a wave of corporate defaults. In just the last 10 months, there have been about 150 corporate bond defaults, whereas in the previous 6-7 years they didn’t even amount to ten. Adding to this bleak picture is the fact that analysts do not expect improvement in the short-term.