View more on these topics

Russia gets moved up to investment-grade status

Russia has been upgraded by three major rating agencies to investment-grade status just six years after defaulting on its debt.

It has been moved by Standard & Poor’s from a BBBto BB+ rating, the first notch on the investment-grade scale, following upgrades by Moody’s and Fitch.

High oil prices have helped the Russian government reduce its debt to the point where the country was a net creditor at the end of last year.

Recent decisions by Merrill Lynch and Lehman Brothers to incorporate Fitch ratings into their index methodologies have also helped elevate the status of Russian bonds in international markets.

Fidelity fund manager Paul Lavelle says: “Opportunities for selective investments are frequent. These are treacherous waters, though, as the heightened political risks in Russia and the Ukranian revolution vividly demonstrate. Creating value through emerging market exposure will require good stockpicking skills.”


Recovering companies boost bond funds

For the first time since 1998 corporate debt upgrades outnumbered downgrades last year. A record 39 companies regained investment grade status, dubbed rising stars by Fidelity, as companies repaired their balance sheets and the outlook for corporate earnings improved.BskyB and Vivendi Universal were among recovering companies in the European market, both of which were marked […]

Pensions Simplification reminder from FSA

The FSA has urged IFAs to think about standards of advice and professional development as part of its pensions simplication programme.In a newsletter to retail intermediaries, regulators asked IFAs to think about the changes they needed to make for pensions tax changes.The FSA is continuing to talk with the Association of British Insurers and the […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm