S&P, Fitch lower Ukraine's foreign currency rating - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Global rating agencies S&P and Fitch on Friday lowered Ukraine’s foreign currency ratings, saying they consider the country’s debt restructuring as distressed.

Fitch downgraded the country's long-term foreign currency to"RD" from"C", as it deems the deferral of debt payments as a completion of a distressed debt-exchange.Fitch downgraded the country's long-term foreign currency to"RD" from"C", as it deems the deferral of debt payments as a completion of a distressed debt-exchange.

Earlier this week, Ukraine’s overseas creditors backed the country’s request for a two-year freeze on payments on almost $20 billion in international bonds, according to a regulatory filing, allowing the war-ravaged country to avoid a messy debt default. Fitch downgraded the country’s long-term foreign currency to “RD” from “C”, as it deems the deferral of debt payments as a completion of a distressed debt-exchange.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Becoming a great person in life do take time but time awaits you so get started with _JamesAlderson He's actually the best in the stock market. A highly recommended broker

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Global stocks head for fourth straight week of gainsA slight easing of inflation readings drove global stocks higher and capped a rising dollar this week
Source: BDliveSA - 🏆 12. / 63 Read more »