We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Russian dichotomy

18 February 2005

The country s debt is investment grade. Paris Club creditors even believe it is worth a premium. Yet Russian stocks are at a discount. Why? Equity investors face growing Russian micro risks. Bond investors don t. Even the chronically mismanaged Soviet Union never defaulted.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)