Fri, 01 Nov 2013 13:45:06 GMT
Ukraine credit rating cut by S&P amid currency instability
Sovereign credit rating of Ukraine, the largest country in the Eastern Europe, was cut by S&P rating agency to B- level from the previous B level. It is said that such a decision was made, based on the negative outlook for country's national currency, which can be devalued due to lack of reserves of foreign currency. Now, the new Ukrainian