Fitch downgrades Ukraine’s long-term rating to ‘C’
Disclaimer: TASS is Russian government propaganda, and not a reliable news source.
According to the agency, “In Fitch’s view, the reported agreement with external commercial creditors constitutes a distressed debt exchange (DDE) under its sovereign rating criteria, as it involves a material reduction in terms, including reductions in principal amount and interest, and extension of maturities”