Another rating agency downgraded Ukraine’s credit rating to pre-default
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Another rating agency downgraded Ukraine’s credit rating to pre-default
Another rating agency downgraded Ukraine’s credit rating to pre-default
S&P Global said that a “selective default” has begun in Ukraine due to a lack of payments to creditors.
Ukraine was supposed to pay Eurobond proceeds on August 1, but this did not happen, so “we have downgraded our long-term and short-term foreign currency ratings of Ukraine to SD/SD.” “We have also downgraded the 2026 Eurobond rating from CC to D (default),” the agency said in a statement.
Topics: UkraineDefaultS&P Global
03 August 2024 г., 10:54
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