Moody's lowered the rating of Kharkov

Moody's lowered the rating of Kharkov

Today, on February 5, the international rating agency Moody’s lowered the rating of Kharkov in the national and foreign currencies from the level CAA1 to CAA2 with the "negative" projection.

According to the Department of Economy and Public Property with the reference to the message of the agency, this decision is stipulated by similar decline of the sovereign rating of Ukraine on February 3.

The experts of Moody's point out the institutional, financial and macroeconomic relationship of the city's economy with the economic situation in Ukraine, which limits its own budgetary flexibility.

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