standardpoors declares ukraine in selective default
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Standard & Poor's declares Ukraine in 'selective default'

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Arab Today, arab today Standard & Poor's declares Ukraine in 'selective default'

Standard & Poor's
Kiev - Arab Today

Credit rating agency Standard & Poor's on Friday declared Ukraine's sovereign debt to be in "selective default" because of the war-torn nation's debt restructuring negotiations.

Cash-strapped Ukraine has been struggling with its debt since entering a deep economic depression after war broke out with pro-Russian insurgents in its eastern industrial heartland early last year.

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