“The S&P agency raised Ukraine’s credit rating thanks to debt restructuring under GDP warrants, but the indicator still remains alarming. The international rating agency S&P Global Ratings raised Ukraine’s credit rating after the completion of debt restructuring under GDP options. According to information on the agency’s website, the long-term and short-term sovereign credit ratings of Ukraine in foreign currency were raised to the level of “CCC+/C” – this is by seven”, — write on: ua.news
The S&P agency raised Ukraine’s credit rating thanks to debt restructuring under GDP warrants, but the indicator still remains alarming. The international rating agency S&P Global Ratings raised Ukraine’s credit rating after the completion of debt restructuring under GDP options.
According to the information on the agency’s website, the long-term and short-term sovereign credit ratings of Ukraine in foreign currency were raised to the level of “CCC+/C” – this is seven notches below the investment level. Previously, the rating agency rated Ukraine at the “SD” level, which means selective default.
“We believe that the current restructuring of a small part of the debt, which is still in default, will not significantly affect Ukraine’s ability and willingness to meet its other debt obligations,” S&P said in a statement.
It is noted that the agency may downgrade the rating within the next 12 months if the security situation in Ukraine worsens, which will put even more pressure on its foreign exchange reserves. The ratings can be increased if the security situation in Ukraine and medium-term macroeconomic prospects improve significantly, in particular thanks to further support from donors.
S&P upgraded Ukraine’s credit rating following the completion of the exchange of Ukraine’s GDP-warrants worth $2.6 billion for new bonds at the end of December 2025.
“Nevertheless, our CCC+ ratings reflect our view that Ukraine’s ability to meet its financial obligations remains vulnerable and dependent on favorable financial and economic conditions, including the development of the war and continued support for its allies,” the statement said.
It should be noted that the CCC+/C rating from S&P Global Ratings means a very high credit risk close to default. The issuer (country or company) experiences significant financial difficulties, and the timely fulfillment of obligations depends on favorable economic conditions.
Fitch raised Ukraine’s credit rating – Bloomberg.
Ukraine will give a loan of 90 billion only for reparations from the Russian Federation — Zelenskyi.
The EU proposes to limit the use of credit for Ukraine by the “Buy European” rule.
Read us on Telegram and Sends
