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www.bloomberg.com
Ukraine was downgraded to default scores by both S&P Global Ratings and Fitch Ratings after the majority of the country’s bondholders agreed to defer debt payments for two years.
The war-torn nation’s foreign-currency rating was lowered to “selective default” -- or SD -- from CC by S&P on Friday. Fitch followed shortly after with a downgrade of its own, cutting Ukraine to “restricted default” -- or RD -- from C. The moves follows the approval of a debt-restructuring plan that could save Ukraine about $5.8 billion.

Ukraine Cut to Default by S&P After Creditors OK Debt-Payment Delay
