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  • 22 years of profitable activity in the field of securities trade
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Fitch Downgrades Ukraine's Foreign Currency Ratings to 'Restricted Default'

Fitch Ratings said Tuesday it had lowered Ukraine's long-term and short-term foreign currency IDRs from 'C' to 'RD' (restricted default).
"The 10-day grace period on Ukraine's USD500m eurobond maturing on 23 September 2015 has elapsed without payment being made. Fitch therefore judges Ukraine to be in default on its sovereign eurobond obligations," the agency said in a statement.
The long-term local currency IDR was affirmed at 'CCC' by Fitch Ratings.