S&P and Fitch downgrade Kiev’s foreign currency rating to default
Fitch also lowered the long-term issuer default rating of Kiev from “C” to “D”, the rating agency reported.
Fitch and S&P downgraded Kiev’s rating because of the missed payment on the city’s $250 mln Eurobonds and the subsequent activation of the cross-default clause on $300 mln Eurobonds …. http://tass.ru/en/economy
Source: http://luismmx.blogspot.com/2015/11/s-and-fitch-downgrade-kievs-foreign.html
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