Fri, 21 Feb 2014 09:36:36 GMT
S&P lowers Ukrainian rating to CCC, outlook negative
The Standard & Poors rating agency decreased the sovereign credit rating of Ukraine to the pre-default level of CCC, which is eight stages below the lowest investment grade. Outlook for rating, in turn, remained negative. The reason below the decline is political instability in the country, which puts the government's ability to pay for its debts under a significant risk.