Russia Upgraded to Investment Grade by Moody’s

Global ratings agency Moody’s Investor Service has raised Russia’s long-term foreign currency ratings to "Baa3" from "Ba1", elevating the sovereign to investment grade status. The ratings outlook was moved to stable from positive. Moody's reported that policies the...

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Ecuador Bonds to Pay Highest Yield Since 2011

Ecuador’s Finance Ministry sold $1 billion in bonds due 2029 at a yield of 10.75%, the steepest yield the nation has offered to investors since the financial crisis, when government officials had previously ruled out selling at double-digit rates. Markets had not...

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PG&E Bond Yields at Record Highs on Bankruptcy Plans

PG&E Corp, owner of the biggest US power utility according to the number of customers, saw nearly all of its roughly $18 billion of bonds trade sharply lower earlier in the week after the company announced it was preparing to file for Chapter 11 bankruptcy protection....

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