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  • Although the rouble fell sharply on Monday and bond yields rose, analysts said that the immediate implications of the downgrade were limited, as the move was largely priced in and other major agencies still rate Russia above junk. Russian assets had already fallen sharply before the decision because of renewed fighting in Ukraine and the threat of fresh...

  • What the credit downgrade to 'junk' means for Russia Tuesday, 27 Jan 2015 | 3:45 AM ET

    Standard& Poor's on Monday cut Russia's rating to BB+, a non-investment grade the country last held in 2004, when it was still recovering from a painful financial collapse in the 1990 s. It noted Russia's financial system is weakening, and that the central bank will increasingly have trouble supporting it. Russia's economy is expected to contract by 4 to 5 percent...

  • MOSCOW, Jan 27- Russia's rouble strengthened early on Tuesday, bouncing back after taking a sharp hit late on Monday, when ratings agency S&P downgraded Russia's sovereign credit rating to' junk'. Russian shares, however, opened lower, since Russia's stock market was closed when S&P made its announcement and therefore had not priced in the news.

  • Russian rouble rallies after sliding on S&P downgrade Tuesday, 27 Jan 2015 | 2:13 AM ET

    MOSCOW, Jan 27- Russia's rouble strengthened by over 1 percent against both the dollar and euro in early trade on Tuesday, bouncing back after taking a sharp hit late on Monday, when ratings agency S&P downgraded Russia's sovereign credit rating to' junk'. Russian shares, however, opened lower, since Russia's stock market was closed when S&P made its announcement...

  • Russian shares fall on opening after S&P downgrade Tuesday, 27 Jan 2015 | 2:06 AM ET

    MOSCOW, Jan 27- Russian share indexes fell on opening on Tuesday, a day after rating agency S&P downgraded Russian bonds to "junk".

  • MOSCOW, Jan 27- Russian stocks are expected to open sharply weaker on Tuesday, after ratings agency S&P downgraded Russia's sovereign credit rating to' junk' late on Monday, but the rouble could strengthen since it already took a heavy hit in the previous session. S&P cut Russia's rating from BBB- to BB+, citing Russia's weakened economic growth prospects, hit by low...

  • Super-long JGBs jump after strong auction results Tuesday, 27 Jan 2015 | 12:08 AM ET

    TOKYO, Jan 27- Super-long Japanese government bond prices jumped on Tuesday after a re-offering auction of some existing JGBs drew strong demand. "Liquidity enhancing auction" of 400 billion yen in some existing 10- and 20- year JGBs drew solid bids of 1.4453 trillion yen, the Ministry of Finance said. Treasuries following relief that the outcome of an election...

  • Rates on US Treasury bills mixed at weekly auction Monday, 26 Jan 2015 | 5:53 PM ET

    The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.025 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.075 percent, the same as last week. For a $10,000 bill, the three-month price was $9,999.49, while a six-month bill sold for $9,996.21.

  • Treasury debt prices slipped on Monday ahead of $90 billion of fixed-rate supply and a Federal Reserve meeting later this week in a session marked by low volumes as a major winter storm hit the New York area. But as the day progressed, and traders began making early exits as transportation authorities from Philadelphia to Boston warned of commuting...

  • MOSCOW, Jan 26- Russian Finance Minister Anton Siluanov said on Monday S&P's decision to downgrade Russia's credit rating to junk status showed the "pessimism" of the agency and failed to take into consideration stronger aspects of the Russian economy.

  • *S&P cuts Russia's sovereign credit rating. MOSCOW, Jan 26- Ratings agency S&P cut Russia's sovereign credit rating to below investment grade, or "junk" status, on Monday for the first time in a decade. S&P said in a statement it had cut the rating from BBB- to BB+, with a negative outlook, and that Russia's economic growth prospects- hit by low oil prices and Western...

  • WASHINGTON, Jan 26- The $3.7 trillion U.S. municipal bond market will benefit from a recent delay in implementing part of the Dodd-Frank financial reform law known as the Volcker Rule, Moody's Investors Service said on Monday. Last month Congress passed legislation giving banks extra time to comply with the rule. The implementation delay until July 2017 will "...

  • MOSCOW, Jan 26- Ratings agency S&P said on Monday it had cut Russia's sovereign credit rating to BB+ or below investment grade with a negative outlook, and said Russia's economic growth prospects have weakened. It could not only harm Russia's image among investors, but also push up its borrowing costs, as many mainstream investment and pension funds have rules...

  • S&P downgrades Russia credit rating to junk Monday, 26 Jan 2015 | 1:27 PM ET

    LONDON— Standard& Poor's rating agency on Monday downgraded Russia's credit grade by one notch to junk status, citing a weakened economic outlook. Russia's economy has been hit hard by the double impact of weaker prices for its energy exports as well as Western sanctions. Standard& Poor's said that Russia's financial system is weakening, limiting room for...

  • LONDON— Standard& Poor's rating agency downgrades Russia credit grade to junk level.

  • NEW YORK, Jan 26- Long-dated U.S. But that was pretty well priced in, "said Lou Brien, market strategist at DRW Trading in Chicago. Greek election winning party Syriza's demands for a debt restructuring raised the prospect of a stand-off between Athens and other European nations that might lead to Greece exiting the euro grouping, although financial markets were...

  • *Rock-Tenn and MeadWestvaco rally, set to merge. NEW YORK, Jan 26- U.S. stock index futures pointed to a flat open Monday after a decisive Greek election victory by the Syriza party spurred concern over fresh instability in the euro zone, though the possibility of Greece leaving the bloc was considered remote. While Greece is a relatively small economy that the...

  • *Greece must get bailout extension, discuss reforms with its lenders. BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness. Before any talks on more time for Greece to repay its debts can start, Athens must get an extension of its...

  • US STOCKS-Futures edge lower after Greek elections Monday, 26 Jan 2015 | 7:53 AM ET

    *Rock-Tenn and MeadWestvaco to merge. NEW YORK, Jan 26- U.S. stock index futures dipped on Monday after a victory by the leftist Syriza party in Greece raised concerns about new instability in the euro zone. Last week's larger-than-expected stimulus program announced by the European Central Bank could offset some concerns over Greece.

  • Ocwen calls investor claims "baseless" Monday, 26 Jan 2015 | 7:50 AM ET

    Jan 26- Mortgage servicer Ocwen Financial Group said on Monday a group of investors had no basis for claiming it failed to live up to its agreements to collect payments on $82 billion worth of home loans. Ocwen's shares were up 47 percent in premarket trading after the company reached a $2.5 million settlement with the California Department of Business...