The international rating agency Fitch Ratings has affirmed Ukraine's long-term foreign currency rating at RD (limited default).
This was stated in the agency's statement, Ukrainian News Agency reports.
The rating in the national currency remained unchanged at CCC+ due to the priority servicing of domestic debt.
A significant part of the debt in the form of government bonds belongs to the National Bank and state-owned banks, which reduces risks to financial stability.
It is reported that Ukraine completed the exchange of Eurobonds in September 2024, but suspended payments on several external obligations, including a Cargill loan of USD 700 million and Ukrenergo bonds of USD 825 million.
Fitch expects the war to continue in 2025, although the probability of a ceasefire is increasing.
As Ukrainian News Agency earlier reported, in August of this year, Fitch Ratings downgraded Ukraine's long-term foreign currency issuer default rating (IDR) from "C" to "RD" (restricted default).
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