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by fffobar 1573 days ago
Normally you'd have simply floated another bond (not a puttable one this time). Credit is a funny thing, it becomes unavailable the moment you need it most ...
1 comments

Credit exists when you’re able to pay it.
It also exists if you can obscure the risk and shift it to somebody else. See mortgage backed securities in the US in the run up to the 2008 crisis.
And when you are not blacklist
The Yandex filing spends a significant amount of text reiterating they’re not on a blacklist though