06-10-2015 18:53 via news.yahoo.com

Fitch considers Ukraine in partial debt default

Fitch ratings agency said Tuesday it now considers Ukraine to be in partial default after it failed to make payment on bonds the country has been trying to restructure with its creditors. "Fitch... judges Ukraine to be in default on its sovereign eurobond obligations" after not having made payment following a 10-day grace period on $500 million in bonds, the agency said in a statement downgrading the country's main credit rating to "restricted default". Cash-strapped Ukraine has been struggling
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