Germany’s coalition government has decided to take on high public debt in its 2021 budget to battle against the economic impacts of the COVID-19 pandemic.
Fitch Cuts Russia’s Rating to Junk, Says Default is ‘Imminent’
Fitch has downgraded Russia’s sovereign bonds by six notches to “C” from “B”, saying that a debt default is “imminent”. The rating agency had already slashed Russia’s rating to a “junk” status of “B” on March 2, but said that …