Moody's downgrades Ukraine credit rating, again

[FarCenter]

Moody's announced on its website on Friday that it would downgrade Ukraine's sovereign rating by one notch, pushing up the cost of borrowing money for the country's government.

The New-York based assessor lowered Ukraine from Caa2 to Caa3, following a previous downgrade in January.

The Caa rating is a credit risk grading based on speculative investment risks. The current downgrade takes Ukraine from Moody's "extremely speculative" rating to "default imminent with little prospect for recovery."

http://www.dw.de/moodys-downgrades-ukraine-credit-rating-again/a-17545328

[MindMover]

1. So take the imf money and put yourselves in hock for 20 years ....

play the credit/banking/fraudulent game and stop holding up your peoples financial hope ....