Ukraine has defaulted – Fitch ...News

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Ukraine has defaulted – Fitch
source : Russia Today ( News ) () 53
The country’s credit rating has been cut over Kiev’s failure to make a coupon payment on its 2026 Eurobond Fitch Ratings has downgraded Ukraine’s credit rating to ‘restricted default’ on Tuesday, citing the expiry of the ten-day grace period for the coupon payment on the country’s $750 million 2026 Eurobond, which was due on August 1. The US-based credit-rating agency said it has lowered the rating on the 2026 Eurobond to ‘D from ‘C’ and affirmed the other foreign-currency bonds at ‘C.’ The downgrade comes after Kiev passed a law permitting the suspension of foreign debt payments until October 1. On July 18, the U

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