S&P affirms Ukraine

Standard & Poor's said it affirmed Ukraine’s CC long-term foreign currency sovereign credit rating and CCC+ long-term local currency sovereign credit ratings.

The outlook is negative.

The agency also affirmed the short-term foreign and local currency sovereign credit ratings at C and the national scale rating at uaB+.

In the agency’s view, a default on Ukraine’s foreign currency central government debt is a virtual certainty.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.