Posted on 08/04/2024 8:07:32 PM PDT by delta7
The international rating agency S&P Global lowered the long-term and short-term credit ratings of Ukraine in foreign currency to the level of "selective default" - from CC/C to SD/SD - due to the missed payment of Eurobonds on August 1 against the background of debt restructuring.
"We understand that the government has decided to suspend bond payments pending restructuring. To that end, the government has not made a coupon payment on its 2026 Eurobonds on August 1, 2024, when payment was due, and we do not expect payments during the bonds' contractual grace period of 10 business days," S&P said in a statement on its website.
As a result, as noted, the rating of the 2026 sovereign Eurobond issue was also downgraded to D (default) from CC, while the CC rating for the rest of Ukraine's senior unsecured currency bond issues was confirmed.
Any comments from the usual war cheerleaders? Biden’s Ukie war has turned into another debacle…..at great expense.
This means Zelensky will soon visit USA with begging bowl in hand.
Is anyone shocked? Lots of $$$$ to be made/stolen for the rebuild.
Can we send the $60 billion to the British resistance instead?
Bye-DUNG hurt his own people more than his fictional Ruskies.
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA .......
"Learned their lessons"...... Yer killin' me....
HA HA HA HA HA HA HA HA HA HA HA HA HA HA HA ....
Umm, no, they have not.
It’s garbage. It was always going to be garbage.
US taxpayers sucks will now be even more bankrupt, thanks to the occupation regime.
The pieces are all in place for the world markets to crash and war to breakout everywhere. Will it happen? I don’t know. But the fact that all these things were allowed to fester without any correction suggest it is only a matter of time. There is a real lack of leadership in this country, and in this world.
Is anyone shocked? Lots of $$$$ to be made/stolen for the rebuild.
————————
Don’t be surprised to see Russia (and China) rebuilding Nuevo Russia….at least the Russian Provinces Russia holds. The EU can spend the billions to rebuild the Western half of Rump Ukraine.
The Russian Donbass ( it has always been Russian) is chocked full of $$$billions of resources.
Russia Slips Into Historic Default as Sanctions Muddy Next Steps
lol. somehow this is all connected.
By KEN SWEET, KELVIN CHAN and STAN CHOE
Published 6:32 PM EDT, June 27, 2022
LONDON (AP) — Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.
Moscow owed $100 million in interest on one bond priced in dollars and one priced in euros, which was originally due May 27. A 30-day grace period expired Sunday. On Monday, the rating agency company Moody’s declared the country in default.
Bye-DUNG hurt his own people more than his fictional Ruskies.
————
Don’t forget our vegetable head Congress, holding up Ukie flags on the Congressional floor when cheering another billion $$$ given away to Ukraine.
With Russia’s huge natural resources and developing their Brics M Bridge Unit, the West has become irrelevant…..and just why should they repay western debt when they illegally confiscated their funds?
The US is becoming irrelevant in today’s new world.
Nice try, chancre.
Yeah Russia has lots of natural resources, just like other global superpowers like the Democratic Republic of the Congo and Angola. Nowadays, an isolated and dependent Russia gets paid whenever its master China feels like paying it.
Still waiting for any comments from the usual war cheerleaders…..hint: those F16’s aren’t going to save Ukraine, neither did the tons of ammo, artillery shells, Leopards, M1’s, Strykers, M113’s , Patriots, M777’s, MRAP’s, ATACM’s, or Bradley’s, $$$ billions in taxpayers money, etc, etc,…all flushed down the Ukie toilet.
Good Job!
It is to laugh.
You're trying to sell this as some sort of "win" for the West?
Weird.
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