Two major rating agencies have lowered Ukrainian foreign currency credit rating
Author:Xinhuanet Time:2022.08.13
Xinhua News Agency, New York, August 12th (Reporter Liu Yan) S & P Global Rating Company and Fitch Rating Company again lowered Ukraine Credit Rating again on the 12th to reduce the rating of Ukraine's long -term foreign currency issuer to "selective breach of contract" and "limited breach of contract" and "limited breach of contract."".
S & P global rating stated that the recent debt delay and repayment agreement announced by Ukraine was considered a problem with S & P and equivalent to breach of contract."".
The Witchid Rating believes that Ukraine delayed debt repayment constitutes "bad debt replacement", so the Rad RD level of the long -term foreign currency issuer of Ukraine is lowered to the "RD", which is "limited breach of contract".
According to reports, the Ministry of Finance of Ukraine recently announced that the creditors holding about 75%of Ukraine's debt agreed to U -Fang's proposal to delay the delay of about $ 20 billion in debt in the next two years.
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