Google+ Followers

Friday, 7 February 2014

Ukraine credit rating cut amid political protests - The Washington Post

Ukraine credit rating cut amid political protests - The Washington Post:



"Russia has promised Ukraine $15 billion in aid, but has disbursed only $3 billion as it waits to see whether Ukraine’s president stays in power.



Citing concern that Russia might pull its support, Fitch cut Ukraine’s credit rating from B- to CCC, its lowest grade for a country not defaulting on its debt.



Fitch said it “no longer” assumes that Russia will deliver in full, and noted that Ukraine can no longer raise money on its own in bond markets."



'via Blog this'