Italian PM Matteo Renzi says to file resignation request later on MondayWorld December 05, 4:37
Moscow not seen as possible host of Eurovision 2017 song contest - mediaSociety & Culture December 04, 22:22
Et-Tell in Damascus Province fully controlled by Syrian governmentWorld December 04, 21:46
Mirziyoyev campaign office says he is winning presidential elections in UzbekistanWorld December 04, 21:40
Preliminary results of Uzbekistan’s presidential polls to be announced on December 5 - CECWorld December 04, 21:28
Putin expresses condolences over fatal road accident in Khanty-Mansyisk autonomous areaSociety & Culture December 04, 20:20
Emergencies ministry confirms death of 12 people in road accident near Khanty-MansyiskSociety & Culture December 04, 17:04
Fidel Castro buried in Santiago de CubaWorld December 04, 16:50
Cuban revolution in pictures: Early years of Fidel CastroWorld December 04, 16:49
NEW YORK, March 25. /TASS/. Moody’s agency has downgraded Ukraine’s long-term issuer and government debt rating to Ca from Caa3 with a negative outlook, the agency said in a statement in March 24.
"The key driver of the downgrade is the likelihood of external private creditors incurring substantial losses as a result of the government's plan to restructure the majority of its outstanding Eurobonds," Moody’s said.
"Ukraine's government and external debt will remain at very high levels even if these [economic, budget/debt and monetary] reforms are successful, and despite the lower debt levels achieved by the external debt restructuring," the agency noted.
Obligations rated Caa3 by Moody’s are judged to be of poor standing and are subject to high credit risk. Rating Ca means obligations are judged to be highly speculative and with likelihood of being near or in default.