: :inin Kyiv (EET)

[Ticker] Ukraine’s default ‘virtually 100%’ certain


The Moody’s rating agency downgraded Ukraine’s rating on Wednesday (25 March) to Ca, the second-worst level. Moody’s notes that the Ukrainian government plans “to restructure the majority of its outstanding Eurobonds”. That means that the risk of “a default on government debt taking place is virtually 100%”, writes Moody’s. …read more

Source: EUobserver

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