HomeEconomyS&P downgrades Ukraine's rating

S&P downgrades Ukraine’s rating

Photo: Volodymyr Zelensky/Telegram

The medium-term economic outlook is characterized by a high degree of uncertainty.

International rating agency S&P Global downgraded Ukraine’s foreign currency rating, changing it from CCC to CC. It was reported by Reuters.

“Due to the significant damage to physical and human capital, the medium-term prospects of Ukraine’s economy are characterized by a high degree of uncertainty,” said the S&P report.

The agency reported that its outlook on Ukraine’s liability rating is negative.

S&P said it expects Ukraine to begin formal debt restructuring talks with private creditors in the short term and complete the process by the middle of this year.

“We believe it is almost certain that Ukraine will default on external commercial obligations,” the S&P report said.

Let’s recall that in April 2023, S&P downgraded Ukraine’s long-term sovereign credit rating in foreign currency from CCC+ to CCC with negative forecasts.

As reported, Ukraine’s international reserves in February 2024 decreased by 3.8%, or $1.47 billion, to $37.052 billion.


New Correspondent.net on Telegram and WhatsApp. Subscribe to our channels Athletistic and WhatsApp

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

The President signed the Law on 50% of the Motagrass for Veterans

The President of Ukraine signed a law that reduces the cost of a motorcycle by 50% for veterans and persons with disabilities as a result of the war (No. 4369-IX). .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px;...

GBI was struck by anger, the requirement of short -term reconciliations of SOC without Boytsov’s order

Employees of the State Bureau of Investigations exposed military personnel in the Nikolaev area, who demanded that the military left some of the military in exchange for returning to the service. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height:...

In Priluki, the Cisland arrived at the post of drone in his house, where he was killed

The rescuer arrived in Pryluky to eliminate the effects of a drone that fell into his house, where his family was killed. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } ...