24-12-2014 10:00 via news.yahoo.com

Russia to help large borrowers as S&P mulls junk rating

By Lidia Kelly and Dmitry Zhdannikov MOSCOW (Reuters) - Russia's central bank offered on Wednesday to help top exporters refinance heavy foreign debts next year, expected to be one of the toughest of President Vladimir Putin's 15-year rule for the economy due to Western sanctions and a plunge in oil prices. The bank said it would help major Russian companies to refinance foreign debts by lending dollars and euros to those who were willing to put up their foreign borrowings as collateral. ...
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