Ukraine downgraded to ‘selective default’
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.
The US-based agency said the $34 million payment on Ukraine’s 2026 Eurobond is still in the grace period, but payments are not likely to be made given the government-authorized suspension.
#Ukraine - Boost
@MTodayNews
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.
The US-based agency said the $34 million payment on Ukraine’s 2026 Eurobond is still in the grace period, but payments are not likely to be made given the government-authorized suspension.
#Ukraine - Boost
@MTodayNews