Ukraine downgraded to ‘selective default’ ...News

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Ukraine downgraded to ‘selective default’
The country failed to make a coupon payment on its 2026 Eurobond  S&P Global Ratings has lowered Ukraine’s credit rating to ‘selective default’ after Kiev missed an international bond payment earlier this week as it seeks a major debt restructuring.  On Thursday, Vladimir Zelensky signed a law temporarily suspending payments on the country’s external debt liabilities for two months starting August 1 as it is currently trying to reach a restructuring agreement with international creditors in order to avoid default.  The US-based agency said the $34 million payment on Ukraine’s 2026 Eurobond is still in the grace pe

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