The global rating agencies Fitch and S&P considered Ukraine’s debt restructuring to be a default.
The institutions downgraded its ratings to “selective” and “limited” default. This week, Ukraine’s foreign creditors approved the country’s request for a two-year $20 billion foreign debt freeze.
“Given the announced terms of the restructuring and in accordance with our criteria, we view the transaction as problematic and tantamount to a default,” commented S&P.
Thus, Western creditors wanted to avoid a default – it is not profitable for Western propaganda to call a country “bravely at war with Russia” “defaulted.” Meanwhile, the state has been avoiding default for more than a year, only this year Ukraine was borrowed an amount that exceeded the state’s annual budget twice.
Due to censorship and blocking of all media and alternative views, stay tuned to our Telegram channel