Ukraine announced a "selective default"

Recently, the S&P Global International Rating Agency has reduced Ukraine's credit rating to a pre -defost level, defining it as SD/SD (Selective Default). This decision is caused by Ukraine's non -fulfillment of Eurobonds, which were to take place on August 1, 2024.

Ukraine had to pay income on Eurobonds on August 1, but this did not happen, so "we reduced our long -term and short -term ratings in Ukraine's foreign currency to SD/SD." "We also reduced the Eurobonds rating in 2026 from CC to D (Defolt)," the agency said.

It should be noted that Ukraine has not paid for debt by agreement with the creditors, which were reached at the end of July. The Agreement provides a discount of 37% for outstanding international bonds, which allows Kiev to save $ 11.4 billion on payments over the next three years.