Ukraine downgraded to ‘selective default’

From RT

The country failed to make a coupon payment on its 2026 Eurobond  S&P Global Ratings has lowered Ukraine’s credit rating to ‘selective default’ after Kiev missed an international bond payment earlier this week as it seeks a major debt restructuring.  On Thursday, Vladimir Zelensky signed a law temporarily suspending payments on the country’s external debt […]

Aug 3rd 2024 5:47am EDT

Source Link: https://www.rt.com/business/602080-ukraine-credit-rating-selective-default/?utm_source=rss&utm_medium=rss&utm_campaign=RSS

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Discussion

just in time for BlackRock to swoop in gobble up all those sweet, sweet resources 🙈