24/03/11 10:01:27.68 iZRsMeVS0.net
Ukraine Cut by S&P as Restructuring Is ‘Virtual Certainty’
March 9, 2024
S&P now rates Ukraine at the second-lowest level above default
Ukraine faces $4.5 billion of payments on bonds this year
Ukraine’s credit rating was cut by S&P Global Ratings, which said it’s a “virtual certainty” the government will include holders of Eurobonds in its debt-relief efforts.
The agency cut the war-torn nation by two notches to CC, the second-lowest level above default. The agency said the outlook was negative, according to a Friday statement.
Ukraine faces $4.5 billion in bond payments this year.