S&P upgraded yesterday the long-term credit rating of Ukrzaliznytsia to B- from CCC, reversing its downgrade of three months ago. Triggering the upgrade, Ukrainian Railways announced Monday that it has renegotiated its $200 million loan from Sberbank Ukraine. The two events pushed up prices of the state railroad’s Eurobonds yesterday by 4-5 points.
S&P upgraded yesterday the long-term credit rating of Ukrzaliznytsia to B- from CCC, reversing its downgrade of three months ago
