re: Moody's downgrades Russia's sovereign credit rating by six notches to "junk" status

Didn't they already default on some shite? Seems like "junk" is still too high of a rating.

I sat on a call today with an Eastern European money manager giving his overview of the situation. He said between sanctions and defaults, the oligarchs have now lost about $1 Trillion. If that's true, just seems like an overthrow of Putin is in the works.