Ukraine Bonds at 60 Cents Seen Signaling Risk of Default
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Ukraine’s deepening recession and mounting debt burden have bondholders to Moody’s Investors Service weighing prospects for a sovereign default.
The country’s July 2017 notes are trading below 60 cents on the dollar, extending a record monthly selloff in December, down from above par a year ago. Ukrainian debt lost 21 percent in 2014, the worst slump after Venezuela among 59 countries tracked by the Bloomberg USD Emerging Market Sovereign Bond Index.