Fitch considers Ukraine in partial debt default

GMT 16:22 2015 Tuesday ,06 October

Arab Today, arab today Fitch considers Ukraine in partial debt default

Fitch ratings agency
Paris - Arab Today

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.

"The 10-day grace period on Ukraine's USD500m eurobond maturing on 23 September 2015 has elapsed without payment being made. Fitch therefore judges Ukraine to be in default on its sovereign eurobond obligations," the agency said in a statement.

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