KYIV, Aug 14 - Fitch Ratings has downgraded Ukraine's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'RD' from 'C'. Fitch has also downgraded the rating on the 2026 $750 million Eurobond to 'D' from 'C' and affirmed the other foreign-currency bonds at 'C.'

"The downgrade of Ukraine's LTFC IDR to 'RD' follows the expiration of the 10-day grace period for the 2026 $750 million Eurobond coupon payment due on 1 August. This marks an event of default under Fitch's criteria with respect to the sovereign's IDR as well as the individual issue rating of the affected security," Fitch said.