Ukraine Wins S&P Upgrade After Revamp of Growth-Linked Debt
Independence Square in Kyiv, Ukraine on Jan. 20.
Photographer: Sergi Gapon/AFP/Getty ImagesUkraine’s credit score was raised by S&P Global Ratings after the country completed the restructuring of its growth-linked debt into conventional bonds.
The country was upgraded to CCC+, or seven notches below investment grade, from selective default, the rating firm said in a statement Thursday. The outlook is stable.