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Fitch Ratings declares Belarus in default

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Fitch Ratings downgraded Belarus’ standing to the default score of RD, citing its failure to repay a coupon payment on $600 million in greenback-denominated bonds due in 2027. Belarus said in late June that dollar payments would be made in rubles. “This contravenes bond documentation that does not allow for settlement in alternative currencies,” Fitch Ratings’ statement reads.

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The Kyiv Independent news desk

We are the news team of the Kyiv Independent. We are here to make sure our readers get quick, essential updates about the events in Ukraine. Feel free to contact us via email with feedback and news alerts.

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The Kyiv Independent’s Jimmy Rushton speaks with MAGA influencer Laura Loomer during her visit to Kyiv about the dramatic shift in her stance on Ukraine after years of opposing U.S. military aid to the country, spreading Russian propaganda narratives, and cooperating with Russian state media outlets such as Russia Today (RT).

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