Fitch confirmed Ukraine's long-term rating at the level of “limited default”
Ukraine is currently continuing to restructure its external commercial debt.
The international rating agency Fitch Ratings has confirmed Ukraine's long-term foreign currency rating at the “Limited Default” (RD) level.
As indicated in the message, the rating remains at this level while Ukraine continues to restructure its external commercial debt.
After the successful completion of the exchange of Eurobonds in September 2024, the Cabinet of Ministers ordered a temporary suspension of payments on an external commercial loan (Cargill $0.7 billion, payments suspended from September 3, 2024), state-guaranteed Eurobonds of Ukrenergo ($825 million, November 9, 2024 year) and GDP warrants (payments suspended from May 31, 2025 year).
As expected, the stop…
