Wednesday, October 07, 2015

Fitch downgrades Kiev to restrictive default

The Fitch rating agency has cut Ukraine's foreign currency rating to restrictive default after Kiev failed to repay $500 million in Eurobonds on September 23.

“The 10-day grace period on Ukraine's $500 million Eurobond maturing on 23 September 2015 has elapsed without payment being made. Fitch therefore judges Ukraine to be in default on its sovereign Eurobond obligations,” said a statement from the agency .... https://www.rt.com/business