S&P lowers Kyiv’s rating, default on city’s eurobonds seen as ‘inevitable’

13:49, 20 April 2015
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International rating agency Standard & Poor's has lowered its ratings for the city of Kyiv to "CC" from "CCC-" with a negative outlook after the announcement of the Ukrainian government's plans to restructure debts, including a $550-million eurobond issue by the city of Kyiv, with default on that debt seen as “inevitable.”

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