S&P agency announced an increase in the long-term rating of Ukraine in foreign currency

On August 19, S&P Global Ratings raised Ukraine's long-term and short-term foreign currency sovereign credit ratings to CCC+/C from SD/SD.

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.

The European Commission previously created a new €8 billion financial aid project for Ukraine that combines grants and loans.