Russia, Ukraine, US Meet in UAE: Kremlin Demands Ukrainian Troop Withdrawal from Donbass
- S&P global Ratings raised Ukraine's long-term debt rating to CCC+ from SD (selective default) on January 19, 2024, with a stable outlook.
- The upgrade reflects S&P's assessment that Ukraine has addressed its immediate debt challenges through restructuring agreements with creditors.Specifically,a deal reached in August 2023 with its official creditors to...
- S&P is not the first agency to revise Ukraine's rating upwards.Fitch Ratings upgraded Ukraine to 'B-' from 'CCC' in November 2023, citing improved fiscal performance and continued international...
S&P Global Ratings upgraded Ukraine’s long-term debt rating,removing its “default” status.
S&P global Ratings raised Ukraine’s long-term debt rating to CCC+ from SD (selective default) on January 19, 2024, with a stable outlook. The CCC+ rating is considered “speculative,” indicating a higher risk of default but no longer classifying the country as in default.
The upgrade reflects S&P’s assessment that Ukraine has addressed its immediate debt challenges through restructuring agreements with creditors.Specifically,a deal reached in August 2023 with its official creditors to suspend debt payments until 2027 was a key factor. This restructuring provided Ukraine with breathing room as it continues to defend itself against the Russian invasion.
S&P is not the first agency to revise Ukraine’s rating upwards.Fitch Ratings upgraded Ukraine to ‘B-‘ from ‘CCC’ in November 2023, citing improved fiscal performance and continued international support.