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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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Russian citizens are prohibited from leaving the country after receiving a draft notice. According to the report, Belarus and Russia share conscription bases, so the Belarusian security services have access to them and can detain a person if they are in the base.

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