S&P decreased the rating of the Crimea to default
The international rating agency Standard & Poor's decreased the long-term credit rating of the Crimea to default D, against the previous index of CCC, and the rating of the Crimea at the national scale – from uaB- to D. But then the agency withdrew the rating at the request of the Crimean government.
The missed payment by the Crimean bond coupon at the sum of 12 mln USD became the reason of the rating fall.
According to the announcement, the rating reduction means that to date the Crimea can not pay its debt obligations.
Previously, payments on the debt obligations were made through the fund headed by the Ministry of Finance of Ukraine.
According to the Administration of the Crimea, the region has the funds for on time repayments by coupon, and provided all required documents to the Government of Ukraine in advance. At the same time, the payments were not made when required.
You should be authorized to post comment
In 2015 Russia to produce 96-104 mln tonnes of grains – Rusagrotrans
Rosselkhoznadzor banned the imports of all varieties of Ukrainian plant growing products
In October Russia to export 3.5-3.6 mln tonnes of grains – Rusagrotrans
On October 22, Russia purchased over 15 thsd tonnes of grains to the intervention fund
In January-September Russia doubled grain exports - Rosstat
Russia harvested over 106 mln tonnes of grains
On October 21, Russia purchased over 20 thsd tonnes of grains to the intervention fund
October 21, 13:40
Crimea: the irrigated lands to total 120 thsd ha in 2015
October 21, 10:30