Ukraine bondholders confident as default threat looms | Reuters:
"* Ukrainian bonds fall amid heightened risk of default
* Bondholders still confident Russia will help
* Falling hryvnia to put pressure on corporates
By Davide Scigliuzzo
LONDON, Feb 13 (IFR) - Ukraine's sovereign bonds have remained relatively resilient to default fears emanating from rising political tensions, but a collapse in the value of the local currency could hurt the corporate and banking sector.
The political standoff between President Yanukovich and the opposition adds to an already precarious economic picture.
A current account deficit of almost 9%, dwindling foreign exchange reserves - at USD17.8bn in January, the reserves are not enough to cover three months of imports - and the risk of a sharp devaluation of the hryvnia have shortened the odds of a Ukraine default."
'via Blog this'
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