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Fitch downgrades Ukraine’s foreign currency rating to "RD" from "C"

October 06, 2015, 20:40 UTC+3
The similar rating in national currency was confirmed at "CCC" level
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© EPA/TATYANA ZENKOVICH, Archive

MOSCOW, October 6. /TASS/. Fitch downgraded Ukraine’s long-term and short-term issuer default rating in foreign currency from "C" to "RD", the international rating agency said on Tuesday.

The similar rating in national currency was confirmed at "CCC" level, Fitch reported.

The ten-day grace period on Ukraine's $500 mln Eurobond maturing on 23 September 2015 elapsed without payment being made. "Fitch therefore judges Ukraine to be in default on its sovereign Eurobond obligations," the international rating agency said.

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