Fitch agency reduced the long -term rating of the default of the issuer of Ukraine in foreign currency from CCC to “C” (pre -nesting). This was reported on the company’s website.
“The process began, similar to default. On July 20, the Ukrainian government has officially announced the consent of the deferment of external debt for 24 months. Fitch considers this as the beginning of the process of exchange of problem debt, which corresponds to the” C “rating as a default rating of the issuer in a foreign currency, and for affected securities, ”the statement said.