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Moody’s affirms Ukraine rating following Ukrzaliznytsia default
Journal Staff Report

KIEV, Nov. 25 - Moody's Investors Service has stated that last week's default by an unrated state-owned company is consistent with the agency's B2 (negative outlook) sovereign credit rating for the government of Ukraine.

The company, Ukrzaliznytsia, defaulted on a principal payment on a Barclays Capital-led syndicated loan on Nov. 20 and Moody's is responding to questions that were raised about the possible impact on the sovereign's own rating.




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