Tags: Ukraine | negative | outlook | currency

S&P Cuts Ukraine Foreign Currency Ratings; Outlook Negative

Tuesday, 28 Jan 2014 01:38 PM

Ratings agency Standard & Poor's cut its long- and short-term foreign currency sovereign credit ratings on Ukraine to "CCC+/C" from "B-/B," with a negative outlook, citing escalating political instability.

"We now assess Ukraine under our criteria as exhibiting characteristics of a 'distressed civil society with weakened political institutions,' diminishing the government's capacity to maintain timely debt service," S&P said in a statement.

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Ratings agency Standard & Poor's cut its long- and short-term foreign currency sovereign credit ratings on Ukraine to "CCC+/C" from "B-/B," with a negative outlook, citing escalating political instability.
Ukraine,negative,outlook,currency
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2014-38-28
Tuesday, 28 Jan 2014 01:38 PM
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