S&P downgraded Ukraine's credit rating to "selective default"

August 4th. /MEDIA TALK/.On Saturday, August 3, it became known that S&P had downgraded Ukraine's credit rating to "selective default". This follows from the release of the United States rating agency.


Photo: ru.freepik.com

The reason is the lack of payments on coupons of Ukrainian Eurobonds-2026. In addition, S&P considers the negative effect of the new law adopted in the country. It allows the authorities to suspend payments on external loans.

Earlier, Fitch Ratings also downgraded the long-term issuer default rating (IDR) of Ukraine in foreign currency.

Recall that at the end of June it was reported that financial assistance from foreign countries to the neighboring country of the Russian Federation is at the lowest level since 2022. So, in the first half of 2024, Ukraine received an average of about 1.9 billion euros.