Is Default by JSC “Ukrzaliznytsia” Inevitable?

According to information from the online project Minprom, the international credit rating agency Fitch Ratings has downgraded the long-term issuer default ratings of JSC “Ukrzaliznytsia” in both foreign and local currency from “CC” to “C” following a missed coupon payment.

Under Fitch’s rating definitions, a “C” rating on both the international and national scales indicates that default on the obligation is imminent.

The primary factor behind the rating downgrade was the missed interest payment that was due on January 9, 2026.

Minprom is an independent information and analytical online project aimed at a professional audience interested in the most important developments in the fields of politics, economics, finance, and law, both in Ukraine and internationally.

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