21 August 2017
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Kobolev: Naftogaz on brink of default since 2009

State energy holding Naftogaz Ukrainy has been on the brink of default since 2009, the chairman of the board of the NJSC Naftogaz Ukrainy Andriy Kobolev said on Ukrainian television’s 5 Channel on Tuesday, according to Ukrainian information agency RIA Novosti Ukraina.


"Naftogaz has been on the verge of default for a long time, since 2009. The situation of the company is changing, but [the threat of default] is still there," Kobolev said.

As reported earlier, on Friday, the international rating agency Fitch downgraded the ratings of Naftogaz and a number of large Ukrainian companies after the lowering of the sovereign rating of Ukraine.

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