Moody’s changed the Outlook on the rating of Kyiv to stable from negative

Moody’s changed the Outlook on the rating of Kyiv to stable from negative


The international rating Agency reported in a press release on Tuesday also confirmed the rating of the Ukrainian capital on the level “Ca”.

MOSCOW, 23 Dec. International rating Agency Moody’s on Tuesday changed from negative to stable the Outlook on the rating of Kiev in national and foreign currency, according to a press release published on the organization’s website.

As stated in the document, Moody’s has also affirmed the rating of the Ukrainian capital on the level “Ca”.

Ukraine on 13 November, completed the restructuring part of the debt, which affected securities previously purchased by commercial lenders, to $ 15 billion, of which $ 3 billion was written off. In early December, the IMF Executive Board lifted the ban on the continuation of the program of financing of the country if it defaulted on sovereign debt (indebted to the lender). Commenting on the decision, Siluanov called it hasty, biased, taken exclusively at the expense of Russia and to legalize the possibility of Kiev to pay its debt.