Fixed Income. OFZ - South African Bonds Drop Out, Russian Bonds Stand to Benefit
S&P downgraded South Africa's long-term, local-currency rating from BBB- to BB+ on Friday, thus stripping the country of investment-grade status. We think that many investors likely sold the sovereign paper prior to the news. By contrast, Russia's local-currency ratings are on the rise and have already reached investment grade, creating a positive backdrop for OFZs in 1Q18.
Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.