Ukraine’s Rating Lifted From Default by Fitch on Debt Delay
- War-torn nation scored CC by Fitch, broader restructure likely
- Creditors this month agreed to defer bond payments until 2024
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Ukraine’s credit score was lifted out of default by Fitch Ratings as the Eastern European nation enacts its agreement with creditors to delay debt payments.
The war-torn country’s credit rating was upgraded to CC from RD -- or restricted default -- on Wednesday by Fitch. The move comes after bondholders agreed to defer about $6 billion in sovereign principal and interest payments for two years amid war-related spending needs.