Putin says Ukraine's ratings low but economy has potential

MOSCOW Thu Dec 19, 2013 4:04am EST

MOSCOW Dec 19 (Reuters) - President Vladimir Putin, defending Russia's decision to bail out Ukraine, said its neighbour's sovereign credit ratings were low but Moscow believed in its economic potential.

On Tuesday, Putin announced a $15-billion financial package to invest in Ukraine's debt issuance, which is currently rated in the 'junk' category by top rating agencies.

"The ratings are not high, but we believe in the fundamental competitive advantage (of Ukraine)," Putin told his annual press conference.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.