Skip to content
Edit post

Fitch Ratings declares Belarus in default

by The Kyiv Independent news desk July 19, 2022 7:40 AM 1 min read
This audio is created with AI assistance

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.

News Feed

MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.