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S & P reported a high probability of default of Kiev

03:44, 04.09.2016Economics

The International rating Standard & Poor's agency (S & P) downgraded the rating of Kiev from «CCC +» to «CC» with a negative outlook. 

It was reported on the official website of the agency.

‘The «CCC +» rating of the capital of Ukraine, Kiev, is downgraded to «CC» due to the announced restructuring of the issue of obligations on the local currency bonds on,’ said a press release of the agency.

It is also noted that, according to S & P, the probability of default of Kiev is extremely high.