Moody’s Backs Creditor Math in Resisting Ukraine Debt Writedown
By
Natalie Jaresko, Ukraine’s finance minister. Photographer: Chris Ratcliffe/Bloomberg
Ukraine can save $15.3 billion in payments on external bonds without a principal writedown sought by the government in its restructuring talks with creditors, according to Moody’s Investors Service.
A failure in the talks, which so far have been “antagonistic,” and an outcome that leads to a moratorium on debt payments by Ukraine would have long-term implications for the country’s access to international bond markets, Kristin Lindow, senior vice president at the rating company, said in an interview Friday in London. Ukraine will face a delayed return to capital markets if it stops payments, Moody’s warned…
Moody’s Backs Creditor Math in Resisting Ukraine Debt Writedown
