Moody's Investors Service gave the assessment of the situation on the debt of Ukraine to $ 3 billion to Moscow
17.12.2015International rating agency Moody's Investors Service predicts difficult and lengthy negotiations for Eurobonds of Ukraine restructure for USD 3 billion which were repurchased by the National Welfare Fund (NWF) of the Russian Federation. However, according to the agency forecast, Moscow will make concessions and accede to Kiev conditions.
"Although we expect that the" Russian "Eurobonds will eventually be restructured with the same conditions as the other Eurobonds of Ukraine, such negotiations likely will be difficult and lengthy," – according to the Moody's review.
At the same time, Moody's notes that the change of the lending rules by the International Monetary Fund (IMF ) is favorable for Ukraine credit rating.
The new policy eliminates the dilemma regarding the status of the Russian debt - official or commercial, and thus allows Ukraine to miss a payment on December 20 without violating the IMF program.
In addition, Moody's adds, the repayment possibility of these Eurobonds would violate the clause on
proportionment burden sharing among the creditors that agreed with a restructuring of all other Ukrainian Eurobonds.
Earlier, the Russian prime minister called the Ukrainian authorities "rogues" because of the failure to pay the debt of USD 3 billion. According to him, Russia will not accept the debt loss and will come at all liabilities default of Kiev.
Following: Korrespondent.net