Fitch Ratings downgrades Ukraine's credit rating from "CC" to "C" due to the country's need to restructure

Context: Economic consequences of the Russo-Ukrainian war.

Fitch Ratings downgrades Ukraine's credit rating from "CC" to "C" due to the country's need to restructure US$20 billion in international bonds to foreign investors, increasing the country's risk of default.

Event summary via Wikipedia Current Events (2024-07-25).