Uncategorized

Fitch, S&P cut Ukraine's rating to selective default.

0 min read

The rating agencies downgraded Ukraine's foreign currency ratings following the country's request for a two-year freeze on payments on international bonds totaling $20 billion, a move made by the government to protect the economy from a debt default. “Given the terms and conditions of the restructuring, and in line with our criteria, we view the transaction as distressed and tantamount to default,” S&P said.

Avatar
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.

Read more
News Feed
Video

Russia’s takeover of Crimea did not begin in 2014. In the second part of "Crimea: The War Before the War," the Kyiv Independent’s War Crimes Investigations Unit examines how Moscow moved from early pressure to direct attempts to seize Ukrainian territory.

Russia

The unnamed project, lacking a defined team or political platform, seeks to offer an alternative to the Kremlin at a time when Russia's opposition operates largely from abroad and remains fractured, with its ability to influence domestic politics remaining low.

Show More