Moody's reduces Naftogaz of Ukraine to 'Caa1'
1 June 2009
Moody’s Investors Service said on Friday that it lowered the foreign currency corporate family rating, and the probability of default and debt ratings on Naftogaz of Ukraine from ‘B2’ to ‘Caa1.’ The outlook on the ratings was changed to negative. The moves conclude a review initiated on March 11.
