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

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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.

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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 Russians have invited us to come, and that's a significant statement from them," Witkoff said in an interview with Bloomberg TV in Davos on Jan. 21, amid a Washington-led push to broker peace between Kyiv and Moscow.

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