Passenger plane crashes in CubaWorld April 29, 22:49
US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
KIEV, September 25. /TASS/. Standard & Poor's international rating agency lowered its long-and short-term foreign currency sovereign credit ratings on Ukraine to "SD" (selective default) from "CC", the agency reported on Friday.
The rating action follows the Ukrainian government’s Sept. 23 invitation to commercial bondholders to participate in a series of debt buyback auctions, S&P said. "Ukraine’s invitation constitutes the launch of what we consider to be a distressed debt restructuring. We view an exchange offer as tantamount to default" as offer implies that "the investor will receive less value than the promise of the original securities"; and "the offer is distressed, rather than purely opportunistic," the report said.
On Tuesday, Ukraine’s cabinet of ministers announced the launch of state debt restructuring. According to a government decree, the country’s Finance Ministry exchanged debt securities to be restructured for new ones by December 1, 2015. "Starting from September 23, Ukraine is temporarily suspending payments on redemption and service of state debt and government-backed debt on enlisted debt liabilities," the decree said. On September 23, Ukraine had to repay euro bonds worth $500 mln.