Moody's downgrades Ukraine debt, citing government restructuring plan
KIEV, March 25 – Moody's Investors Service has downgraded Ukraine's long-term issuer and government debt ratings to Ca from Caa3.
The outlook remains negative, Moody's said in a statement.
"The key driver of the downgrade is the likelihood of external private creditors incurring substantial losses as a result of the government's plan to restructure the majority of its outstanding eurobonds. |