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Selective default
With Russia's "selective default," some investors see opportunity
by
Lily Jamali
Apr 11, 2022
Investing in Russian debt while it's cheap can pay dividends but comes with uncertainty and reputation risk.
Explainer: Greece's 'selective default'
Feb 28, 2012
Yesterday, Standard & Poor's downgraded Greece's credit rating to "selective default." It's a move that everyone expected, but what's the difference between that and the messy default it was trying to avoid?