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S&P upgrades Ukraine's credit rating from selective default

by The Kyiv Independent news desk August 20, 2022 1:28 PM 1 min read
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S&P on Aug. 19 joined Fitch in upgrading Ukraine's rating after the war-torn country secured a two-year reprieve on its foreign debt from creditors earlier in August. While S&P projects that Ukraine's economy will shrink by 40% this year, the agency boosted the country's credit score of foreign debt to CCC+ which “reflects strong committed international financial support to Ukraine, coupled with eroding, albeit still relatively high, foreign exchange reserves,” it said in a statement.

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US halts Ukraine-bound weapons already staged in Poland, WSJ reports.

The shipment includes over two dozen PAC-3 Patriot missiles, more than two dozen Stinger air-defense systems, Hellfire air-to-ground missiles, and over 90 AIM air-to-air missiles intended for use with Ukraine's F-16 fighter jets, according to U.S. administration and congressional officials cited by the Wall Street Journal.
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