Ukraine Has Defaulted – $20 Billion Restructuring Deal In Jeopardy After Downgrade
August 16, 2024
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Fitch Ratings, a major U.S. credit-rating agency, has just downgraded Ukraine’s credit rating to ‘restricted default.’ This decision came after Ukraine missed a crucial payment deadline on a $750 million Eurobond that was due on August 1, 2023. The country had a ten-day grace period to make the payment, but
