Deprecated: Implicit conversion from float 79.9 to int loses precision in /home/cxvps542/visegrad24.info/wp-includes/class-wp-hook.php on line 85

Deprecated: Implicit conversion from float 79.9 to int loses precision in /home/cxvps542/visegrad24.info/wp-includes/class-wp-hook.php on line 87

Deprecated: Constant FILTER_SANITIZE_STRING is deprecated in /home/cxvps542/visegrad24.info/wp-content/plugins/wpseo-news/classes/meta-box.php on line 59
Ukraine's sovereign rating gets downgraded by international agency
Fastest News Updates around the World

Ukraine’s sovereign rating gets downgraded by international agency

95

- Advertisement -

The rating agency Standard & Poor’s (S&P) has downgraded Ukraine’s long-term sovereign foreign currency rating to “CCC” from “CCC+” with a negative outlook.

The short-term rating in foreign currency remained at ‘C’, while in Ukrainian currency both ratings (long and short-term) remained at the same levels: long-term at ‘CCC+’ (stable outlook) and short-term at ‘C’.

“The government of Ukraine has announced a plan to restructure external debt by mid-2024, so we see the possibility of Ukraine moving to a turbulent exchange of its foreign trade obligations without an unexpected positive development of events,” the agency said. statement.

The agency pointed to the possibility of downgrading Ukraine’s foreign currency rating next year if Ukraine’s commercial debt is included in the government’s debt restructuring.

Source: News

Leave a Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More