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.

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