S&P Agency announced the downgrade of Ukraine

12:15 - 1.08.2022

August 1, Fineko/abc.az. International rating agency S&P has downgraded Ukraine's long-term credit rating in foreign currency from CCC+ to CC.

ABC.AZ reports that the outlook for the long-term rating is negative.

The probability of external debt restructuring is indicated as the reason for the downgrade.

Last week, Fitch also downgraded the country's credit rating from CCC to C.

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