logo_headerSaturday, September 24, 2022

externalS&P downgrades Ukraine's credit rating as default becomes ‘virtual certainty.'

This item is part of our running news digest

July 30, 2022 11:48 amby The Kyiv Independent news desk
Share:

S&P Global Ratings downgraded Ukraine from CCC+ to CC, meaning a negative outlook, after officials asked foreign creditors for permission to delay payments on its external debt. “We believe it is virtually certain that the Ukrainian government will stop payments on at least some foreign debt as currently documented,” S&P said on July 29.

externalGo to the source of this newsSEE OUR NEWS DIGEST
The Kyiv Independent news desk
Author:  The Kyiv Independent news desk
Independent journalism
for an independent Ukraine
Independence is an expensive currency. Both Ukraine and its journalists are paying a high price to preserve its independence. Support Ukraine's trusted journalism in its darkest hour.