KIEV, Oct. 31 – Kiev city will be able to raise a sufficient sum of funds to pay a foreign loan worth $250 million on time, Deputy Head of Kiev City Administration Ruslan Kramarenko has said.

"I'd say that this [the possibility of revising Kiev's rating] is a reaction to statements by various people in the period of the election campaign, as opposing and ruling party lawmakers used statements that Kiev city is bankrupt and there is no money… We saw the same situation last year when we paid back $200 million. We've launched the procedure and we're not worried about this. We'll close everything on time and the maturity term is November 26," Kramarenko told Interfax-Ukraine.

He said that the city has agreements with the government and the National Bank of Ukraine (NBU) for timely payment on eurobonds worth $250 million.