Moody’s lowers Naftogaz to B2
18 May 2009
On May 15,Moody’s Investors Service downgraded Naftogaz of Ukraine to B2 from B1. The move was caused by the downgrade of Ukraine’s sovereign rating. The press release said that Naftogaz’ rating could be as low as Caa1 if the company was not supported by the government.
