03:46 01-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
S&P cuts Ukraine’s rating, warns of default risk

Bishkek (AKIpress) - Standard-and-Poors Rating agency Standard & Poor’s lowered Ukraine’s long-term foreign currency sovereign credit rating by one notch to CCC with a negative outlook on Friday, citing the political turmoil there that has left at least 77 people dead this week.The agency, which last cut the former Soviet country’s long- and short-term foreign currency ratings less than one month ago, said in a statement that it believed “it is likely that Ukraine will default in the absence of significantly favorable changes in circumstances, which we do not anticipate.”

S&P said the fading chances of finding a way out of the current political standoff had jeopardized a $15 billion loan package promised by Russia after Ukraine backed away from signing association deals with the EU in November, reported RIA Novosti.

“As a result of the intensifying political turmoil in Ukraine, we consider that continued Russian support up to the committed $15 billion is increasingly uncertain. Should Russian financial support fall short of Russia's commitments, we expect the government of Ukraine to default on its foreign-currency obligations,” the agency said.

Large-scale street protests that first ignited after Ukrainian President Viktor Yanukovych pulled away from the EU deal descended into deadly pitched battles between anti-government protesters and police in Kiev this week.


Twitterfacebookprint
16:06 21.02.2014
LATEST NEWS
17:35 Greco-Roman wrestler wins fifth medal for Kyrgyzstan at Asian Games17:30 Bishkek chief construction official points to corrupted practices in construction of unauthorized facilities17:28 New Afghan government signs US troops deal17:27 Kindergarten teachers have not receive guaranteed salary supplements over past 5 years – MP17:26 Atyrau forum: Putin, Nazarbayev launch Eurasia project for geological exploration17:18 Parliamentary committee approves amendments to Housing Code barring foreigners from buying residential buildings in Kyrgyzstan17:14 Civil aviation officials discuss open skies, hub at Manas Airport17:02 MP Niyazaliyeva invites Government to abandon introduction of unified school uniform16:58 Issyk-Kul steamship company to improve technical condition of its fleet with budgetary loan16:57 Speaker of Tajik Parliament, Afghan President discuss implementation of regional projects16:51 Atyrau forum: Kazakhstan and Russia sign nuclear power plant construction deal16:39 Culture Days of Uzbekistan take place in Greece16:26 Kyrgyzstani has become world judo champion among seniors16:19 2016 Diversity Immigrant Visa Program and U.S. Embassy warn about possible fraud16:17 Kazakh Senate chairman meets with CIS observation mission's head16:13 Morning exercises haven't been introduced in all schools of Kyrgyzstan – Vice PM Sariyeva16:05 Lower houses of Czech and Kazakh parliaments discuss cooperation issues16:04 President of Turkmenistan takes part in tree planting in Ashgabat16:04 Employees of Kyrgyz Post in Kara-Kul embezzle pensions of older persons for 4 years15:53 Asian Games 2014: Kazakhstan women's volleyball team takes victory over India in play-off
Astana
+11° C
Ashgabat
+26° C
Bishkek
+19° C
Dushanbe
+29° C
Tashkent
+25° C
exchange rates
 
69.11
54.52
8.82
1.38
230.56
181.90
29.58
4.60
6.35
5.00
0.81
0.13
3122.57
2363.47
385.06
61.53
3.61
2.85
0.46
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75