Ukraine Wants $3 Billion IMF Debt Delay as S&P Cuts Outlook
This article is for subscribers only.
Ukraine said it wants to postpone $3 billion of bailout repayments to the International Monetary Fund, as Standard & Poor’s cut its outlook on the former Soviet state’s debt to negative, citing “significant” funding risks.
Negotiations to restructure the debt, part of a 2008 rescue loan, for as long as a decade “are on,” First Deputy Economy Minister Vadym Kopylov said today in the capital, Kiev. The lender said Ukraine hadn’t asked to reschedule payments.