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
Since beginning of 2016, Russia exported 12.3 mln tonnes of grains – Rosselkhoznadzor
In the third week of May, Russia decreased grain export supplies from the seaports
Russia: NCSP Group increased grain shipment for exports
Russia: grain harvest to reach 102-105 mln tonnes - Roshydromet
Russia: as of May 1, grain stocks totaled 18.6 mln tonnes – Rosstat
Russia exported over 31.8 mln tonnes of grains - Ministry of Agriculture
In 2015/16 MY, Russia doubled the exports of oats
May 20, 13:10
Russia planted spring grains throughout 20 mln ha — Ministry of Agriculture
May 20, 10:30