: :inin Kyiv (EET)

S&P upgrades Ukraine from ‘selective default’


KIEV (AFP) – Standard and Poors upgraded Ukraines credit rating on Monday from selective default thanks to the cash-strapped former Soviet countrys ability to strike a major debt write-down deal.The New York-based agency said it was raising Ukraines foreign currency sovereign rating from SD to B-/B — a grade defined as highly speculative but one that leaves the door open to future borrowing from abroad. …read more

Source: Dunya TV

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