The Fitch rating agency announced a limited default by Belarus,\u00a0<\/p>\n\n\n\n
KYIV.\u00a0UkraineGate . 19 . July . 2022 | Economy .\u00a0<\/strong><\/p>\n\n\n\n Quote<\/strong><\/p>\n\n\n\n “Fitch Ratings lowered the long-term default rating of the Belarusian issuer in foreign currency from C (“default imminent”) to RD (“limited default”),” the\u00a0agency ‘s\u00a0press release states.<\/p>\n\n\n\n Details<\/strong><\/p>\n\n\n\n This is due to the end of the 14-day grace period on July 13, during which Minsk could pay off the 2027 Eurobonds.<\/p>\n\n\n\n The reduction applies only to the government’s long-term external debt obligations. Fitch affirmed Belarus’ long-term national currency rating at “CCC” (“default possible”), “as the government continues to service its national currency debt and we do not believe that the risk of default on this debt has changed significantly since our previous review on July 7 “.<\/p>\n\n\n\n Addition<\/strong><\/p>\n\n\n\n Moody’s considers\u00a0the payment of Belarus’ foreign debt in rubles a\u00a0default .<\/p>\n\n\n\n Source<\/strong>:\u00a0Ukrgate<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":" The Fitch rating agency announced a limited default by Belarus,\u00a0 KYIV.\u00a0UkraineGate . 19 . July . 2022 | Economy .\u00a0 Quote “Fitch Ratings lowered the long-term default rating of the Belarusian issuer in foreign currency from C (“default imminent”) to RD (“limited default”),” the\u00a0agency ‘s\u00a0press release states. Details This is due to the end of […]<\/p>\n","protected":false},"author":14,"featured_media":42882,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,16],"tags":[1305,996,2399,1000,1854],"class_list":["post-42866","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","category-ukraine-news","tag-belarus","tag-ukraine","tag-ukraine-gate","tag-ukraine-news","tag-world-news"],"_links":{"self":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/42866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42866"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/42866\/revisions"}],"predecessor-version":[{"id":42891,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/42866\/revisions\/42891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/42882"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}