Goldman Sachs Predicts Solvency Crisis, Default in Ukraine as Soon as July

Thursday, June 25, 2015
By Paul Martin

SputnikNews.com
25.06.2015

Goldman Sachs Group has warned that Ukraine is facing a solvency and liquidity crisis, will likely miss its bond coupon payment next month and will enter into default.

“Ukraine will not make the July 24 coupon payment and, as a result, will enter into default at that point,” Bloomberg quotes Goldman Sachs analyst Andrew Matheny as writing in his research note on Ukraine.

The analyst also warned that Kiev will likely issue a moratorium on its foreign debt repayment plan, as it will fail to settle the disagreement with its creditors.

“We do not expect the ad hoc committee to accept Ukraine’s latest restructuring proposal.”

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