Fitch upgrades Ukraine's long-term rating to 'CC'

“Fitch Ratings has upgraded Ukraine's long-term issuer default rating (IDR) in foreign currency to 'CC' from 'RD' (limited default. -

), the message says.

Earlier, the international rating agencies S&P Global Ratings and Fitch Ratings called default the postponement of payments on Ukraine's debt, downgrading the country's foreign currency ratings.

In July, a group of Ukraine's creditors supported Kyiv's petition to defer public debt servicing from August 1 until the end of 2023.

Bloomberg later reported that Ukraine received a deferral of public debt payments until 2024.