Ukraine Rating Downgraded by S&P on Debt Restructuring Plan
- S&P cuts nation’s score to CCC from CCC+ with negative outlook
- Ukraine has about $23 billion in global bonds, data show
This article is for subscribers only.
Ukraine’s credit score was cut by S&P Global Ratings after the government unveiled a plan to restructure its external debt before mid-2024.
The war-torn nation was lowered to CCC from CCC+ on Thursday, with a negative outlook. The ratings firm cited plans for an upcoming debt restructuring as part of Ukraine’s recent arrangement with the International Monetary Fund for a $15.6 billion bailout.