{"id":44935,"date":"2022-08-18T11:14:33","date_gmt":"2022-08-18T08:14:33","guid":{"rendered":"https:\/\/www.ukrgate.com\/eng\/?p=44935"},"modified":"2022-08-18T11:14:38","modified_gmt":"2022-08-18T08:14:38","slug":"fitch-raised-ukraines-rating","status":"publish","type":"post","link":"https:\/\/www.ukrgate.com\/eng\/?p=44935","title":{"rendered":"Fitch raised Ukraine&#8217;s rating"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>KYIV. UkraineGate . 18 . August .2022 l Economy.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0Fitch rating agency raised Ukraine&#8217;s rating to &#8220;SS&#8221; (probable default), the agency said in a statement .<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Citation<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Fitch Ratings has raised Ukraine&#8217;s long-term foreign currency issuer default rating (LTFC) from RD to CC (limited default),&#8221; the statement said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Details<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The agency explained the increase in Ukraine&#8217;s rating to &#8220;CC&#8221; by the consent of creditors to the request for restructuring of the country&#8217;s external debt dated August 11. This, according to analysts, is &#8220;the end of the exchange of bad debt (DDE), which allows us to move away from the &#8216;limited default&#8217;.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Thus, the payment of principal and interest on Ukrainian Eurobonds in the amount of about USD 6 billion was postponed for 24 months, which, as stated, &#8220;eased the pressure on servicing external debt in the context of weakening international reserves and the urgent need for expenditures related to the war.&#8221; 75% of bondholders (at the aggregate nominal amount) agreed to the restructuring, which exceeds the required minimum of 66.7%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Supplement<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eurobond holders\u00a0approved\u00a0Ukraine&#8217;s proposal to postpone payments for two years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Source: Ukrgate<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KYIV. UkraineGate . 18 . August .2022 l Economy. \u00a0Fitch rating agency raised Ukraine&#8217;s rating to &#8220;SS&#8221; (probable default), the agency said in a statement . Citation &#8220;Fitch Ratings has raised Ukraine&#8217;s long-term foreign currency issuer default rating (LTFC) from RD to CC (limited default),&#8221; the statement said. Details The agency explained the increase in [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":44936,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[8406,349,424,996,2399,1000,1854],"class_list":["post-44935","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-agency","tag-economy","tag-foreign","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\/44935","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=44935"}],"version-history":[{"count":1,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/44935\/revisions"}],"predecessor-version":[{"id":44937,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/posts\/44935\/revisions\/44937"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=\/wp\/v2\/media\/44936"}],"wp:attachment":[{"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ukrgate.com\/eng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}