Russia is widely expected to default on its foreign debts. Gavriil Grigorov\TASS via Getty Images Goldman Sachs has said Russia's debt problems are "technical" and don't accurately reflect underlying

GOLDMAN SACHS SAYS RUSSIA'S DEBT PROBLEMS ARE 'TECHNICAL' AND DON'T REFLECT ITS UNDERLYING STRENGTH_thumb-0.jpg

Russia is widely expected to default on its foreign debts. Gavriil Grigorov\TASS via Getty Images Goldman Sachs has said Russia's debt problems are "technical" and don't accurately reflect underlying

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Russia is widely expected to default on its foreign debts. Gavriil Grigorov\TASS via Getty Images

Goldman Sachs has said Russia's debt problems are "technical" and don't accurately reflect underlying dynamics.

The bank's analysts said the Ukraine war and related sanctions are damaging the country's creditworthiness.

But they only moderately downgraded its sovereign risk score, saying commodity price rises are working in its favor.

S&P slashed Russia’s debt to junk and says there are already 30 corporate ‘fallen angels’ as a result of the war. Here are 5 charts that show the hit to ‘Russia Inc’s’ creditworthiness

 

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