A split Ukraine would likely default on foreign debt - S&P


  • World
  • Saturday, 03 May 2014

ASTANA (Reuters) - Ukraine will probably default on its international debts if it loses more territory, ratings agency Standard & Poors warned on Saturday, noting its existing CCC rating on the country already indicated a clear and present danger of default.

"If Ukraine loses some of its territorial integrity, it will not likely be able to repay the loans," John Chambers, chairman of the Standard & Poor's Sovereign Ratings Committee, told Reuters in the Kazakh capital Astana.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russia says man suspected of shooting top general has been detained in Dubai
South Africa to withdraw its troops from UN peacekeeping mission in Congo
Trump meets with Honduran president Asfura
North Korea to convene 9th Congress in late February, KCNA reports
Thailand votes in three-way race as risk of instability looms
Australia's opposition coalition reunites after split over hate laws
Washington Post publisher Will Lewis announces departure, following mass layoffs
Su Yiming earns China's 1st medal at Milan-Cortina Games as difficulty spikes in big air (updated)
Germany's Langenhan leads men's singles luge at Milan-Cortina Winter Olympics with two track records
Medal table at Milan-Cortina Winter Olympics on February 7

Others Also Read