|
|
 |
|
Viewing report
|
|
|
|
Bulletin: Downgrade Of Ukraine Has No Effect On Ukrainian LRG Ratings Sep 11
Standard & Poors, Sep 2011
Abstract
MOSCOW (Standard & Poor's) Sept. 13, 2011--Standard & Poor's Ratings Services said today that its ratings on Ukrainian local and regional governments (LRGs) are unaffected by Standard & Poor's lowering of its long-term local currency sovereign rating on Ukraine to 'B+' from 'BB-' (see 'Ukraine Long-Term Foreign-Currency Rating Affirmed At 'B+'; Local-Currency Rating Lowered To 'B+'; Outlook Stable,' published Sept. 13, 2011, on RatingsDirect on the Global Credit Portal.) The downgrade has no immediate effect on our ratings on Ukrainian LRGs because the ratings on our rated Ukrainian LRGs are two to three notches below the sovereign local and foreign currency ratings. Recovering revenues, more substantial capital grants from the central government, and investors' readiness to assume municipal risk have...
Companies mentioned in this report are: Lviv (City of),Kyiv (City of),Dnipropetrovsk (City of),Ivano-Frankivsk (City of),Crimea (Autonomous Republic of)
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
