Fitch cuts Belarus' foreign currency rating to 'restricted default' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

The downgrade follows the expiry of a 14-day grace period on Belarus’ 2027 Eurobond debt payments in their original currency, US dollars, which the country said would rather be serviced inits own currency, the Belarusian rouble.Fitch, however, said Belarus’ local currency debt remains unaffected and affirmed its long-term local currency rating at “CCC”, with the Belarusian government continuing to service its local-currency debt on time.

“The downgrade applies only to the government’s long-term external debt obligations,” the agency said in a statement. Last week, rating agency S&P Global kept Belarus’ foreign currency rating at “CC/C” but said it could lower it to “selective default” if the bond payments are not made in their original currency by the end of the grace period.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Heatwave ignites wildfires in Spain - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Dozens of wildfires raged in Spain on Sunday, cutting off roads and forcing thousands of people to be evacuated from their homes as blistering summer temperatures showed no signs of abating. In the Jerte Valley in Extremadura, which has been the focal point of the most difficult fires this week, a new blaze broke out … I was scammed through Bitcoin couple of months ago, I started hating Bitcoin until I was introduced to Allison_Grillo, and I gave Bitcoin trading another try, I successfully withdrew $35,000 after two weeks of trading, am so grateful Allison_Grillo thank you.
Source: SABCNews - 🏆 37. / 51 Read more »