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
Russia: Government is considering the possibility of cancelling the food ban - Administration of the President
In the fourth week of April, Russia increased grain exports from the seaports
Russia exported over 27 mln tonnes of grains - Ministry of Agriculture
Russia: export prices for new crop wheat reduced
April 24, 11:00
Russia planted spring crops throughout over 5 mln ha
April 24, 10:30
Sanctions against the USA to strengthen the positions of Russia on the world grain market - expert
April 23, 16:30
Russia: on April 13-19 grain exports through the ports of Krasnodar Krai totaled almost 245 thsd tonnes
April 23, 13:40