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Fitch downgrades Ukraine's credit rating to restricted default
Journal Staff Report

KYIV, Aug 15 The international rating agency Fitch Ratings on Saturday night downgraded Ukraine's foreign-currency long-term issuer default rating (IDR) from "C" to "RD" (restricted default), while the Standard & Poor's agency downgraded Ukraine's foreign-currency long-term and short-term ratings from "CC/" to "SD/SD" (selective default).

"Consent solicitation to defer Ukraine's external debt repayments for two years was agreed by the requisite share of bondholders and became effective on August 11. Fitch deems this completion of a distressed debt exchange [DDE] and has therefore downgraded the LTFC IDR to 'RD' and the affected instruments to 'D', both from 'C,'" Fitch explained its decision.




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Currencies (in hryvnias)
  27.09.2022 prev
USD 36.57 36.57
RUR 0.631 0.631
EUR 37.27 37.27

Stock Market
  26.09.2022 prev
PFTS 519.2 519.2
source: PFTS

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