Credit rating agency S&P on Friday lowered Ukraine’s rating, which is now labeled “SD”, or “selective” default, the last notch before default, due to the moratorium on its external debt obtained on Wednesday “Given the announced terms and conditions of the restructuring, and in accordance with our criteria, we consider this transaction to be (…) equivalent to default,” S&P said in a statement. (Belga)
© 2022 Belgian. All rights of reproduction and representation reserved. All the information reproduced in this section (dispatches, photos, logos) is protected by intellectual property rights held by Belgian. Consequently, none of this information may be reproduced, modified, redistributed, translated, commercially exploited or reused in any way whatsoever without the prior written consent of Belgian.