Jan 31 Moody's Investors Service downgraded
Ukraine's government bond rating to Caa2 from Caa1 with a
negative outlook, citing continued risk of an external liquidity
crisis due to the prolonged political uncertainty in the
"(The) decision to assign a negative outlook on Ukraine's
Caa2 rating was mainly driven by the continued risk of an
external liquidity crisis, even if Russia's support package were
to be disbursed as planned," Moody's said in a statement. ()
The former Soviet republic has been gripped by mass street
unrest since President Viktor Yanukovich walked away from a
trade pact with the European Union last November, opting for
closer economic ties with Russia which has brought it a $15
billion bailout package.
Ukraine's hryvnia tumbled 2.5 percent against the dollar on
Friday for its biggest one-day fall since the third quarter of
On Jan. 28, Standard & Poor's cut its long- and short-term
foreign currency sovereign credit ratings on Ukraine to "CCC+/C"
from "B-/B", with a negative outlook.