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Ukraine in default according to Fitch and S&P

Summary by Ground News
Global rating agencies S&P and Fitch on Friday lowered Ukraine's foreign currency ratings. The agencies said they consider the country's debt restructuring as distressed. Earlier this week, Ukraine's overseas creditors backed a two-year freeze on payments on almost $20 billion in international bonds.

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T24 broke the news in Türkiye on Friday, August 12, 2022.
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