S & P downgraded the rating of Ukraine to “CCC”

S & P downgraded the rating of Ukraine to “CCC”

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International rating agency Standard & Poor’s downgraded the rating of Ukraine from “CCC +” to “CCC”. The rating outlook of “negative.”

“CCC” – it’s pre-default rating. In this short-term foreign currency rating affirmed at “C”, and in local currency long-term and short-term ratings affirmed at “B-/ B”.

” From our point of view, the political situation in Ukraine has deteriorated significantly . We believe that this exposes the government’s ability to repay and service debt and ever-increasing risk increases the uncertainty regarding the continuation of the provision of financial assistance from Russia in 2014 ,” – said in a message S & P.

“Negative” outlook on the ratings mean that the Government of Ukraine will increase the amount of funding from external sources , in order to avoid restricted default .

Experts rating agency does not exclude Ukraine’s default in the absence of significant positive change.

In 2014, Ukraine has to pay about $ 7.091 billion on foreign loans . In 2015 , Ukraine is obliged to pay creditors $ 7.699 billion , while $ 974 million will be used to repay debt to the IMF, and $ 3 billion – the repayment of the first tranche of Eurobonds Russian treasury . In 2016 Ukraine will have to pay $ 4.34 billion Fundraising from Russia on the current conditions will increase the volume of foreign payments in 2015 to $ 15 billion

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