On the basis of the S&P downgrade and the CDS spreads, it would be tempting to conclude that Ukraine has enormous sovereign debts that it will struggle to pay this year.

• 基于标普的降级举措以及当前CDS溢价水平，这或许指出乌克兰需要今年偿还的国债规模庞大，而且偿还将会十分艰难。